In the ________ range of the aggregate supply curve, expansionary fiscal policy causes aggregate ________ to increase, which results in a higher price level and a higher equilibrium level of real GDP
a. intermediate, demand
b. classical, demand
c. Keynesian, supply
d. intermediate, supply
a
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You are given the following information about the economy: the nominal interest rate = 8%; the real rate of interest = 6%. The inflation premium is
A. 14%. B. 2%. C. 8%. D. 6%.
If you study 3 hours for an exam, you can raise your score by 30 points. If you study for another 3 hours your score increases by 10 points. And if you study for another 3 hours, your score will increase by 5 more points
A graph displaying this relationship between the number of hours studied and your total exam score would show A) a positive linear relationship B) an upward-sloping curve that becomes less stee
Increases in population shift the market supply curve for labor to the right
Indicate whether the statement is true or false
Which of the following is in charge of U.S. aid to foreign countries?
a. Agency for International Development (AID). b. World Bank. c. International Monetary Fund (IMF). d. New International Economic Order (NIEO).