The fact that the children of the poor drop out of school earlier than other children is evidence of the flawed character of the poor
Indicate whether the statement is true or false
F
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The aggregate demand curve is usually
A) downward sloping. B) vertical. C) horizontal. D) upward sloping.
A rational decision maker compares the expected marginal cost to the expected marginal benefit of any activity
a. True b. False
In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:
a. unplanned inventory accumulation. b. a decrease in GDP. c. a decrease in employment. d. all of the above.
An increase in the expected future price of inputs will cause:
A. the short-run aggregate supply curve to shift to the left. B. the aggregate demand curve to shift to the right. C. a movement rightward along the short-run aggregate supply curve. D. the long-run aggregate supply curve to shift to the left.