An increase in disposable income will cause autonomous consumption to rise
a. True
b. False
Indicate whether the statement is true or false
False
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A temporary increase in government purchases in the classical model would
A) shift the production function to the right. B) shift the marginal product of labor curve to the left. C) shift the labor demand curve to the right. D) shift the labor supply curve to the right.
Which of the following is NOT considered one of the four groups in the Federal Reserve System?
A) Federal Reserve banks B) Federal Deposit Insurance Corporation C) Board of Governors D) Federal Open Market Committee
"In the long run, a perfectly competitive firm's average total cost is always below the market clearing price." Agree or disagree? Why?
What will be an ideal response?
The central difference between the structural stagnation hypothesis and the secular stagnation theory is that:
A. structural stagnation applied in the 1940s, and secular stagnation applies today. B. structural stagnation focuses on globalization, while secular stagnation focuses on declining investment. C. structural stagnation focuses on declining investment, while secular stagnation focuses on globalization. D. structural stagnation is a hypothesis, while secular stagnation is a theory.