In the long run, a decrease in aggregate demand will lead to a(n):
a. decrease in price and output levels
b. increase in price and output levels.
c. increase in the price level and a decrease in output.
d. decrease in the price level and an increase in output.
e. decrease in the price level and no change in output.
e
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As it relates to migration, self-selection is most likely to apply to:
A. Highly-skilled immigrants B. Low-skilled immigrants C. Highly-skilled domestic workers D. Low-skilled domestic workers
The intersection of the IS and LM curves shows
A. the short-run trade balance. B. that the balance of payments is in equilibrium. C. the short-run equilibrium interest rate and the output level in the economy. D. the long-run equilibrium inflation rate and the natural rate of unemployment in the economy.
A share of ownership in a company is called
A. dividends. B. stock. C. a mortgage. D. a bond.
If the United States donates footballs to Japan, how is the transaction recorded on the U.S. balance of payments accounts?
A. Decline in financial account balance; increase in trade balance B. Decline in trade balance; increase in financial account balance C. Decline in trade balance; increase in net unilateral transfers D. Decline in net unilateral transfers; increase in trade balance