Business-cycle macroeconomics involves changes in Real GDP around a ____________ LRAS curve, while economic-growth macroeconomics deals with increases in Real GDP resulting from a ______________ LRAS curve
A) rightward-shifting; fixed
B) fixed; leftward shifting
C) leftward shifting; fixed
D) fixed; rightward-shifting
D
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To reassure investors who were unwilling to buy mortgages in the secondary market, the U.S. Congress used two government sponsored enterprises, ________, to sell bonds to investors and use the funds to purchase mortgages from banks
A) the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC) B) ACORN and the Federal Housing Administration (FHA) C) Fannie Mae and Freddie Mac D) the Fed and the Treasury Department
The actual price level is assumed to be constant along a given short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
If the interest rate were 10 percent, the net present value of $100 to be received one year from now would be
a. $90. b. $90.91. c. $100. d. $110.
The effect of a decrease in interest rates upon economic growth is an example of positive economics
Indicate whether the statement is true or false