________: policies that lead to an increase in aggregate demand which result in both output and the general price level rising
Fill in the blank(s) with correct word
Demand expansion policies
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When the economy suffers a temporary negative supply shock, the central bank's autonomous monetary policy to keep inflation at the target inflation rate leads to
A) more stable economic activities. B) a large deviation of output from its potential. C) divine coincidence. D) both B and C.
Cooperation:
B. is sustained by the promise of punishment for good behavior. C. can be established even if threats/promises are not credible. D. All of these are true about cooperation.
A firm uses workers and seed to grow lettuce. Its lettuce output rises from 100 tons to 200 tons when the number of workers increases from 25 to 75 . Its production process shows
a. decreasing returns to scale. b. diminishing returns to labor. c. increasing long-run average cost. d. decreasing short-run average variable cost.
Recall the Application about housing prices in Cuba to answer the following question(s).Recent housing reforms in Cuba should give homeowners ________ incentives to repair their homes and therefore ________ construction of new homes.
A. more; decrease B. more; increase C. fewer; decrease D. fewer; increase