________ adopts the view that aggregate fluctuations are a natural consequence of an expanding economy
A) The new macroeconomics
B) The Okun Gap
C) Keynesian economics
D) The Lucas Wedge
E) Classical macroeconomics
A
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If the multiplier is 10, then the marginal propensity to consume (MPC) is
A) 9. B) 1. C) 0.9. D) 0.1.
Increases in the burdens of government regulations can make production more costly for producers, shifting the short run aggregate supply curve left; it can also reduce potential output, shifting the long-run aggregate supply curve left
a. True b. False Indicate whether the statement is true or false
A country would tend to experience currency appreciation relative to other countries if: a. the profitability of investments within the country increases relative to the rest of the world. b. people in the foreign currency markets expect the value of the currency to rise in the near future. c. the foreign demand for its exports increases
d. all of the above
The Great Recession started in the:
a. U.S. real goods sector. b. U.S. real loanable funds market. c. Foreign exchange market. d. Global real goods market. e. All of the above.