Trading off capital goods for increasing amounts of consumer goods today will most likely result in
A. decreased long-term growth.
B. increases in the quantity of consumer goods.
C. decreased prices in consumer goods.
D. increased long-term growth.
Answer: A
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A) rightward shift of; leftward shift of B) leftward shift of; movement along C) movement along; rightward shift of D) movement along; leftward shift of
Equations for C, I, G, and NX are given below. If the equilibrium level of GDP is $32,000, what will the new equilibrium level of GDP be if government spending increases to 2,500?
C = 5,000 + (MPC)Y I = 1,500 G = 2,000 NX = -500 A) $32,500 B) $34,000 C) $38,000 D) $42,000
In the long-run ISLM model and with everything else held constant, the long-run effect of a contractionary fiscal policy is to ________ real output and ________ the interest rate
A) not change; not change B) decrease; decrease C) decrease; not change D) not change; decrease
The special privileges and obligations of corporations are defined by law
a. True b. False Indicate whether the statement is true or false