Which of the following is most likely to happen, if investment in an economy falls?
A) Firms' revenue rise. B) Mortgage defaults fall.
C) Labor supply falls. D) Unemployment rises.
D
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
What is the "good news" and the "bad news" about a lower value of the U.S. dollar?
What will be an ideal response?
The comment that "the minimum wage should be raised to give working people in this country a fair wage" is an example of:
a. A normative economic statement b. The fallacy of composition c. A positive economic statement d. The after this, therefore because of this, fallacy
How can price stickiness be used to categorize macroeconomic models?
What will be an ideal response?