Many economists believe that the difference between savings accounts and checking accounts is disappearing
a. True
b. False
Indicate whether the statement is true or false
True
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Graphically the intersection of the aggregate demand curve and the short-run aggregate supply line determines:
A. short-run equilibrium. B. long-run equilibrium. C. potential output. D. exogenous spending.
From the classical perspective, an increase in unemployment during a recession represents
A) voluntary unemployment. B) a roughly equal mix of voluntary and involuntary unemployment. C) involuntary unemployment. D) a decrease in the number of discouraged workers in an economy.
If average cost is decreasing, then marginal cost
a. Must be increasing b. Must be greater than average cost c. Must be less than average cost d. None of the above
Which of the following would indicate the beginning of an expansionary phase in an economy?
a. A minor increase in the number of new firms b. A decline in stock market prices c. An improvement in consumer confidence d. A slowdown in housing construction e. A decrease in the number of orders for new equipment