Which of the following is infrastructure?
a. Schools. b. Roads.
c. Public health and sanitation services. d. All of these.
d
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Potential buyers of older homes form their bids from imperfect estimates of a house's value. As a consequence,
a. High-value houses would remain unsold b. Low value houses would remain unsold c. Both of the houses would be sold d. All of the above
Public policy, without intending to do so, can increase frictional unemployment
a. True b. False Indicate whether the statement is true or false
At the present time, the largest percentage of the national incomes of the low-income DVCs is used for:
A. imports of the finished products of foreign industries. B. food. C. infrastructure. D. industrial development.