An increase in the price level and a reduction in output would result from
a. an increase in the money supply.
b. an increase in government expenditures.
c. a fall in stock prices.
d. bad weather in farm states.
d
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At its most basic level, economic growth depends on
A) creating the right incentives. B) saving by the government. C) government leadershi
The argument that ________ receives strong support from the innovative policy response to the recent financial crisis
A) rules can be too rigid B) discretionary policies are vulnerable to the time-inconsistency problem C) money is the sole source of fluctuations in aggregate demand D) changes in policies can change the coefficients in macroeconometric models
If TR < TC, a firm would ________ in the short run and ________ in the long run.
A. either operate or shut down; contract B. operate; contract C. shut down; contract D. shut down; expand
Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.
Figure 23.4Refer to Figure 23.4. The aggregate consumption functions C1 and C2
A. have the same autonomous consumption values. B. have the same MPC values. C. imply different MPS values. D. have the same break-even values.