Most unemployed persons fall into the category of job loser
Indicate whether the statement is true or false
True
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If government expenditures are increased by $50 billion, assuming all other factors stay constant, we would expect real GDP in the long run to
A. increase by more than $50 billion. B. stay constant. C. increase by $50 billion. D. increase by less than $50 billion.
Firms often seek to borrow money to expand their capital stock, and the price they pay for that money is the interest rate. What happens to the demand for money if the interest rate increases?
A. It increases. B. It decreases. C. It does not change. D. The quantity of money demanded will increase.
For infant industry tariff protection to be valid requires that
A) the tariff must be allowed to last forever. B) only industries that currently are producing efficiently should be protected. C) government officials must predict which industries will eventually be able to compete with more established foreign producers. D) the industries protected must have substantial monopoly power in the absence of foreign competition.
When marginal cost is positive, total cost is ________ as output increases.
A) increasing
B) decreasing
C) constant
D) negative
E) undefined