The dynamic aggregate demand and aggregate supply model accounts for the price level rising every year
Indicate whether the statement is true or false
TRUE
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________ highlights the importance of fiscal policy as a determinant of good macroeconomic performance
A) The real business cycle model B) The traditional Keynesian model C) The new Keynesian model D) Rational expectations
How much is the output gap if short-run output is $18.0 trillion and potential output is $18.2 trillion?
What will be an ideal response?
Often to secure a monopoly, one must erect barriers to entry to obtain a monopoly. What is this activity called in general and what does it entail specifically?
What will be an ideal response?
A public expenditure that has to be approved each year is called:
A. discretionary spending. B. nondiscretionary spending. C. entitlement spending. D. earmarked spending.