In the short-run

A) the aggregate supply curve is upward sloping.
B) real GDP is always equal to potential GDP.
C) the money wage rate can change.
D) the price level does not change.


A

Economics

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Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: Based on the info above, the estimated value of a is

A. -0.6931 B. 2.66 C. 0.50 D. -3.67

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A price index in years beyond the base year:

A. is never 100. B. can be less than, greater than, or equal to 100. C. is always less than 100. D. is always greater than 100.

Economics

Fiscal policy is

A. periodic fluctuations in the level of economic activity. B. manipulation of the money supply and credit in the economy to reduce fluctuations in the business cycle. C. government policy concerning the manipulation of its spending and taxation to reduce fluctuations in the business cycle. D. the sum of government agricultural subsidies plus transfer payments.

Economics

Which of the following would most likely be a private good?

A) a Mariah Carey CD B) Sirius Satellite Radio is accessed through a subscription. C) Michigan Radio is the state's most listened-to public radio service. D) iTunes sells songs through their website.

Economics