Both the long-run and short-run aggregate supply curves will shift when
A) the endowments of the factors of production change.
B) the government increases defense spending.
C) an event occurs which is expected to last only a short period of time.
D) they are both upward sloping.
A
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The new Keynesian models, are examples of
A) market-clearing, wage rigidity models. B) non-market-clearing, wage rigidity models. C) imperfect information, wage rigidity models. D) perfect information, non-clearing market models.
Explain how the different views of the shape of the aggregate supply (AS) curve influence economists' perception of the impact that government actions have on Real GDP in the short run
Which of the following is issued to an investor to provide protection from having the invention copied or stolen for 20 years?
A. a license B. a certificate of convenience C. a patent D. a natural monopoly
A policy in which ________ actively pick(s) industries to support as a base for economic development is known as industrial policy.
A. microfinanciers B. the International Monetary Fund C. the World Bank D. a government