Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1.
B. P4 and Y2.
C. P5 and Y1.
D. P5 and Y2.
Answer: D
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Since the period following World War II (the early 1950s), the proportion of most countries' production being used in some other country
A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.
Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market, like shares of common stock, are called
A) open-end funds. B) close-end funds. C) OTC funds. D) primary-issue funds.
The current exchange rate system is effectively a dirty float system
a. True b. False Indicate whether the statement is true or false
Which of the following activities would be calculated as part of GDP accounts?
A. Drug trafficking. B. Money laundry. C. Illegal prostitution. D. Purchasing plastic surgery.