Everything else held constant, when actual output exceeds the natural rate of output ________ aggregate supply ________
A) short-run; decreases
B) short-run; increases
C) long-run; increases
D) long-run; decreases
A
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You can put your $100 in Bank A that pays 8% at the end of the year. You can also put your $100 in Bank B that pays 4% at the end of six months and then 4% again at the end of the year. You will keep your $100 and all interest in the bank
At the end of the year A) the total will be the same at both banks. B) the total at Bank A will be greater. C) the total at Bank B will be greater. D) the total could be larger at either bank.
The cost of a choice is
A) the price of the product selected. B) the price of the product not selected. C) the next best opportunity. D) all of the opportunities given up.
An increase in government purchases will increase GDP by an amount equal to the change in government purchases times the expenditure multiplier
a. True b. False
Protectionist policies often seek to shield domestic producers and domestic workers from ________ competition.
a. foreign b. local c. domestic d. unfair