Which of the following is best characterized as a public good?

A) a public library
B) a church
C) primary education
D) police protection


D

Economics

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Other things the same, what happens in the long run to the price level and quantity of output after a contraction in aggregate demand?

Economics

During this century, the growth rate of real GDP in the United States has averaged approximately

What will be an ideal response?

Economics

Monetarists believe that ______________ are the principal causes of economic instability.

Fill in the blank(s) with the appropriate word(s).

Economics

If a hurricane were to wipe out the majority of the eastern seaboard in the United States:

A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.

Economics