Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. lower; higher
D. higher; potential
Answer: D
You might also like to view...
Economists who believe that policy errors are the source of economic instability argue that the crisis of 2008 was primarily the result of
a. housing regulations that undermined sound lending practices and Fed policies that generated the housing boom and bust. b. the stock market crash. c. the actions of speculators who drove up the world price of oil, the domestic price of gasoline, and other energy sources. d. persistently high interest rates during the decade leading up to the crisis.
Which of the following is a predicted result of the increased use of additive manufacturing (using 3-D printers)?
A. Economies of scale in manufacturing will be eliminated, driving up production costs and prices. B. Lower prices of manufactured goods through the elimination of large fixed costs and transportation costs. C. Monopolization of manufactured goods industries, as few individuals can afford additive manufacturing technology. D. Significant increases in the fixed costs of producing manufactured goods.
The core personal consumption expenditures price index excludes
A) food and energy prices. B) food and housing prices. C) energy and housing prices. D) housing and health care prices.
Suppose the market for grass seed can be expressed as Demand: QD = 100 - 2p Supply: QS = 3p At the market equilibrium, calculate the price elasticities of supply and demand. Use these numbers to predict the change in price resulting from a specific tax
What will be an ideal response?