In the long run, AS is vertical.
a. true
b. false
Ans: a. true
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Ann Marie is a Tea-Party Republican, but she decides to vote in the Democratic primary in order to vote against the most liberal candidate. This is an example of strategic voting
Indicate whether the statement is true or false
Production indifference curves show the combination of inputs that produce a given output.
Answer the following statement true (T) or false (F)
If the economy is experiencing inflation, then the most appropriate government policy would be to:
a. shift the aggregate demand curve by using a tax increase coupled with spending cuts. b. shift the aggregate demand curve by using a tax increase coupled with more spending. c. shift the aggregate demand curve by using a tax cut coupled with spending cuts. d. shift the aggregate demand curve by using a tax cut coupled with more spending. e. shift the aggregate supply curve by using a tax cut coupled with spending cuts.
Contractionary monetary policy _____ consumption and _____ investment spending.
a) increases; increases b) decreases; increases c) increases; decreases d) decreases; decreases