Technical and organizational change
A) typically reduces prices by increasing the supply of the product, ceteris paribus.
B) typically reduces prices by decreasing the demand for the product, ceteris paribus.
C) typically increases prices by increasing the demand for the product, ceteris paribus.
D) typically increases prices by decreasing the supply for the product, ceteris paribus.
A
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If the government decreases its purchases of goods and services by $12,000 and the MPS is 0.5, GDP and income will eventually decrease by
A) $2,400. B) $6,000. C) $24,000. D) $60,000.
A policy where the Federal Reserve focuses only on inflation is called monetarizing inflation
Indicate whether the statement is true or false
________ is fixed when moving along the aggregate supply curve
A) The real wage rate B) Real GDP C) Employment D) The price level E) The money wage rate
Our capital account balance in 2009 was a
A. surplus of about $500 billion. B. surplus of about $400 billion. C. deficit of about $500 billion. D. deficit of about $700 billion.