There has been a decrease in investment. As a result, real GDP will ________ in the short run, and ________ in the long run
A) decrease; decrease further B) increase; decrease to its initial value
C) increase; increase further D) decrease; increase to its initial level
D
You might also like to view...
Refer to the figure above. Which of the following is likely to happen if a price control below the equilibrium price is imposed?
A) Quantity supplied will exceed quantity demanded. B) Quantity demanded will exceed quantity supplied. C) Consumer surplus will decrease. D) Producer surplus will increase.
What is a discouraged worker? How do they affect the unemployment rate?
What will be an ideal response?
Government can support agricultural prices by
A. subsidizing imports of a particular crop and buying up all output that consumers do not buy at the supported price. B. making it illegal to consume more than a specified amount. C. buying up all output that consumers do not buy at the supported price. D. subsidizing imports of a particular crop.
A worker who has quit her job to obtain a higher paying job would be included in which unemployment category?
A. cyclical unemployment B. seasonal unemployment C. structural unemployment D. frictional unemployment