When the ________ decreases, then potential output decreases.

A. short-run aggregate supply
B. short-run aggregate demand
C. long-run aggregate demand
D. long-run aggregate supply


Answer: D

Economics

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Which of the following is NOT true about the national income identity given by the equation:

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Which of the following is true of a small open economy, but not of a large open economy?

A) Net exports are unlikely to be close to zero. B) The domestic real interest rate is equal to the world real interest rate. C) Changes in desired investment result in changes in the trade balance. D) Changes in desired investment result in changes in actual investment. E) none of the above

Economics

For direct price discrimination to work,

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Economics

When the housing market bubble burst, many people found that:

A. they owed more than their house was now worth. B. it was much easier to sell their home. C. the value of their homes exceeded their mortgage loans. D. there was a limited number of houses for sale.

Economics