The short-run aggregate supply curve in modern Keynesian analysis is
A) downward sloping. B) horizontal.
C) vertical. D) upward sloping.
D
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In general, the structure of a business firm
A) looks like a market. B) looks like a flat network. C) is largely determined by legal considerations. D) seems more like a central planning agency than a market.
If the marginal propensity to save is 0.2, what is the expenditure multiplier?
a. 0.8 b. 1.2 c. 2 d. 5
In the long run, command-and-control (CAC) regulations encourage firms to develop new technology to lower future emissions
a. True b. False Indicate whether the statement is true or false
Refer to the graph above. Which of the following changes will shift AD 1 to AD 2?
A cut in personal and business taxes A shrinkage in the value of stocks and other financial assets An increase in the value of the dollar relative to other currencies An increase in real interest rates