Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; potential
C. higher; higher
D. lower; higher
Answer: B
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Government payment of a per-unit subsidy for medical care causes
A) the market supply curve to shift upward. B) the market demand curve to shift downward. C) a reduction in the price that providers of medical care receive for each unit of care provided. D) an increase in the quantity of medical care demanded above the quantity demanded in the absence of the subsidy.
Which of the following allows you to search for files or folders?
A.Using the Help and Support window. B. Using the Start menu. C. Using the Search box in Word d. Using the file explorer window
Exhibit 15-5 International currency markets
Exhibit 15-5 displays the international currency market for yen in terms of dollars and dollars in terms of yen. The demand curve in graph 15-5(A) is determined by:
A. U.S. citizens attempting to purchase Japanese-made goods. B. Japanese attempting to purchase U.S.-made goods. C. U.S. businesses attempting to sell to the Japanese. D. Japanese businesses attempting to sell to the U.S.
The creation of a Federal Reserve System was recommended by
A. A member of Congress. B. The U.S. Treasury. C. The National Monetary Commission. D. The Federal Bureau of Investigation.