In the above figure, if we start at AD1 and SRAS1, and the money supply increases unexpectedly, what would be the long-run equilibrium?
A) E3 B) E1 C) P1 D) E2
A
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The expenditure approach values ________ and the income approach values ________
A) goods and services at market prices; goods and services at factor prices B) services only at factor prices; goods only at market prices C) only goods at market prices; only services at factor prices D) goods and services at market prices; services at factor prices E) goods and services at factor prices; goods and services at market prices
Provide a concise statement about the relationship between population growth and absolute poverty, female wages, rural-urban migration, availability of pensions, availability of healthcare, availability of education, and rate of investment
What will be an ideal response?
Refer to the information above. What is the level of unintended inventory investment when income is 850?
A) -175 B) 175 C) -200 D) 200
Which of the following is an argument in favor of a competitive market structure rather than monopoly?
A. Economies of scale allow a single firm to produce at lower cost than in a competitive market, ceteris paribus. B. The lure of monopoly power provides a greater incentive for invention and innovation. C. Monopolies produce less goods at a higher price than competitive markets, ceteris paribus. D. Monopolies have greater ability to pursue research and design.