Most economists agree that a majority of recessions are caused by supply shocks
Indicate whether the statement is true or false
FALSE
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
In the short run, an unanticipated increase in the money supply will exert its primary impact on
a. output and employment rather than on prices. b. prices; output and employment will be largely unaffected. c. interest rates; rising interest rates will stimulate additional saving. d. prices, if the economy operates at an output level below its long-run supply constraint.
The government used the Herfindahl-Hirschman index to determine if a proposed merger will lead to excessive concentration.
Answer the following statement true (T) or false (F)
A public good is
A. a good deed done by someone who refuses payment. B. something produced and sold by the government, for example, electricity provided by a government authority. C. something whose consumption by one person does not prevent its consumption by other people. D. something that is good for a country, but not necessarily for private individuals.