Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply.
B. a reduction in aggregate demand.
C. an increase in long-run aggregate supply.
D. an increase in aggregate demand.
Answer: B
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Which of the following changes shifts the AD curve down and to the left?
A) A temporary increase in government purchases B) A rise in the nominal money supply C) A decrease in corporate taxes D) A decrease in consumer confidence
Research into new technologies provides a
a. negative externality, and too few resources are devoted to research as a result. b. negative externality, and too many resources are devoted to research as a result. c. positive externality, and too few resources are devoted to research as a result. d. positive externality, and too many resources are devoted to research as a result.
If a farmer buys one-hundred more acres for her flower farm, she is making a
A) long-run decision. B) short-run decision. C) immediate-run decision. D) variable-input decision.
A reduction in the redistribution of income:
A. Lowers the poverty rate for people B. Raises people's standard of living C. Results in more income inequality D. Results in less income inequality