Long-run macroeconomic equilibrium occurs when aggregate demand ________ short-run aggregate supply and they ________ the long-run supply curve
A) is greater than; intersect at a point to the left of B) equals; intersect at a point on
C) equals; intersect at a point to the right of D) is less than; intersect at a point to the right of
B
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A market where goods are sold in violation of governmentally-imposed restrictions is a(n)
A) black market. B) export market. C) rent-seeking market. D) deadweight market.
Refer to the scenario above. What is the change in total revenue due to the price reduction?
A) The total revenue increases by $25. B) The total revenue increases by $50. C) The total revenue decreases by $105. D) The total revenue decreases by $175.
Briefly explain the process of multiple deposit creation
What will be an ideal response?
Suppose a change in the stock market makes people feel wealthier, increases consumption, and shifts the aggregate-demand curve right. The change in the stock market must have been
a) an increase in stock prices. b) a decrease in stock prices. c) the stock market has no effect on wealth and consumption. d) no change in stock prices.