On the graph above, suppose the economy has moved from point H to point G. If the shock was temporary and inflation expectations are adaptive, the economy will next ________
A) return to point H
B) move to point F
C) move to a point between points G and H
D) remain at point G
E) none of the above
C
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An increase in aggregate expenditure has what result on equilibrium GDP?
A) Equilibrium GDP falls. B) Equilibrium GDP rises. C) Equilibrium GDP is not affected by an increase in aggregate expenditure. D) Equilibrium GDP may rise or fall depending on the size of the increase in aggregate expenditure relative to the initial level of GDP.
Which of the following topics is not a part of a typical scenario plan?
a. Cash flows. b. Immigration and emigration. c. Informatics. d. All the above are a part of a typical scenario plan. e. Automation, miniaturization, robotics, and research.
Three years ago Dawn put $1,200 into an account paying 2 percent interest. How much is Dawn's account worth today?
a. $1,225.38 b. $1,248.48 c. $1,264.72 d. $1,273.45
What happens when the supply of a nonperishable good is greater than the consumer wants to buy?
What will be an ideal response?