In the short run, the following could cause a recessionary gap
What will be an ideal response?
1)Decrease in AD
2)Decrease in AS
You might also like to view...
Under an exclusive buying arrangement, a retailer agrees not to sell a good at the manufacturer's suggested retail price
a. True b. False Indicate whether the statement is true or false
What are common resources?
a) both rival in consumption and nonexcludable b) both rival in consumption and excludable c) both nonrival in consumption and excludable d) both nonrival in consumption and nonexcludable
Suppose studies showed that only 15 percent of all teens wear their bike helmets while riding their bikes. If policymakers wish to have more teens wear their bike helmets, they should:
A. not inform teens of the social norm. B. Informing them of the social norm will have no impact on their individual situation. C. inform teens of the social norm. D. The statistic is likely to influence their personal decision, but it is impossible to predict in what way without more information.
Jim has $600 a week to spend on clothing and food. The price of clothing is $30 and the price of food is $5. The clothing and food pairs in Jim's choice set include ________ units of clothing and ________ units of food.
A. 10; 60 B. 0; 200 C. 15; 70 D. 20; 50