Potential GDP focuses on the:
A) long-run supply side of the economy.
B) long-run demand side of the economy.
C) short-run supply side of the economy.
D) short-run demand side of the economy.
A
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In the above figure, if we start at AD1 and SRAS1, and the money supply increases unexpectedly, what would be the long-run equilibrium?
A) E3 B) E1 C) P1 D) E2
The manufacturers of information products typically
A) have low fixed costs. B) have high marginal costs. C) have high fixed costs. D) have zero fixed costs.
Doing something that is not necessarily discriminatory on its face but impacts some groups more negatively than others is called
A. rational discrimination. B. disparate treatment discrimination. C. statistical discrimination. D. adverse impact discrimination.
Within the range of exchange rates that permits specialization and trade to take place, the exchange rate will determine which country gains the most from trade.
Answer the following statement true (T) or false (F)