Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. lower; higher
D. higher; potential
Answer: D
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During a recession, profit-oriented banks would be prone to reduce the money supply by increasing their excess reserves and declining to lend to less creditworthy applicants.
Answer the following statement true (T) or false (F)
The demand curve for Japanese yen is downward sloping because as the price of a yen declines, such as dollars per yen, people buy fewer Japanese goods
Indicate whether the statement is true or false
Following the financial crisis in 2008, the Federal government passed the ________, to prevent future financial crises by making major changes to the US financial system.
A. FDIC Improvement Act. B. Troubled Asset Relief Program. C. Dodd-Frank Act. D. Glass-Steagall Act.
MSC - MC reflects
A. an external cost. B. an internal cost. C. average marginal cost. D. marginal benefit.