You can generally distinguish an aggregate supply-caused recession from an aggregate demand-caused recession because
A. real GDP will rise in an aggregate supply recession.
B. the price level will fall in an aggregate supply recession.
C. the price level will fall in an aggregate demand recession.
D. real GDP will rise in an aggregate demand recession.
Answer: C
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In the monetary small open-economy model with a fixed exchange rate, an increase in the exchange rate has which impact on domestic money demand?
A) It increases it. B) It decreases it. C) It has no impact. D) It depends.
Health care reform will lead to a(n) ____ in the number of new, young health care recipients which will cause the ____ of moral hazard problems associated with health insurance
a. increase; elimination b. increase; worsening c. decrease; elimination d. decrease; worsening
Traditionally, the age group with the highest rate of savings is the _________.
Fill in the blank(s) with the appropriate word(s).
Table 24.1Monopoly Costs and RevenueQuantityPriceTotal Cost1$500$4002$450$6503$400$9504$350$1,3005$300$1,700In Table 24.1, the maximum profit that can be achieved is
A. -$200. B. $100. C. $500. D. $250.