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
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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?
During this century, the growth rate of real GDP in the United States has averaged approximately
What will be an ideal response?
Monetarists believe that ______________ are the principal causes of economic instability.
Fill in the blank(s) with the appropriate word(s).
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.