________ highlights the importance of fiscal policy as a determinant of good macroeconomic performance
A) The real business cycle model
B) The traditional Keynesian model
C) The new Keynesian model
D) Rational expectations
A
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Other things being equal, a higher price induces
A) buyers to reduce the amount they want to buy and sellers to increase the amount they are willing to sell. B) buyers to increase the amount they want to buy and sellers to reduce the amount they are willing to sell. C) buyers to reduce the amount they want to buy and sellers to reduce the amount they are willing to sell. D) buyers to increase the amount they want to buy and sellers to increase the amount they are willing to sell.
The ________ of economic growth are reductions in? illiteracy, poverty, and illness and increases in life spans and political stability. The _______ of economic growth may include environmental? pollution, alienation, and urban congestion.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Tony's Lawn Service uses only one variable input, fertilizer. The firm's demand curve for fertilizer in the short run is the input's
A. marginal product curve. B. total product curve. C. total cost curve. D. marginal revenue product curve.