Which of these sets of nations are low-income developing nations?
A. Brazil, Australia, and South Africa.
B. Uganda, Madagascar, and Burkina Faso.
C. Canada, Switzerland, and France.
D. Germany, South Korea, and Mexico.
B. Uganda, Madagascar, and Burkina Faso.
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Refer to Figure 15-16. Suppose the government regulates this industry in order to remove the inefficiency implied by the behavior of the profit-maximizing owners
If regulators require that the firm produces the economically efficient output level, what is this level and what price will be charged? A) Q3 units; P3 B) Q1 units; P1 C) Q1 units; P4 D) Q4 units; P6
Policy makers usually wait for ________ months of data to confirm a change
A) two B) three C) four D) six
According to adaptive expectations theory, expansionary monetary and fiscal policies to reduce the unemployment rate are:
A. useless in the long run. B. useless in the short run. C. ineffective on the price level. D. successful at achieving the desired outcomes.