In long-run macroeconomics equilibrium...
What will be an ideal response?
real GDP equals potential GDP
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If both demand and supply increase, what will be the effect on the equilibrium price and quantity?
A) Both the price and the quantity will increase. B) The quantity will increase but the price could either rise, fall, or remain the same. C) The price will fall but the quantity will increase. D) The price will rise but the quantity could either increase, decrease, or remain the same.
The universal-service requirement complicates postal service pricing
Indicate whether the statement is true or false
The marginal propensity to save is
A) real consumption/real disposable income. B) change in real saving/change in real disposable income. C) change in real consumption/change in real disposable income. D) real saving/real disposable income.
________ typically lead to increases in ________
A) decreases in interest rates; investment B) increases in disposable income; consumption C) increases in autonomous investment; investment D) all of the above E) none of the above