In the new Keynesian view, the larger the proportion of firms in the economy with sticky prices,
A) the steeper the SRAS curve will be.
B) the flatter the SRAS curve will be.
C) the greater the increase in the price level for a given shift in the AD curve.
D) the less effective is fiscal policy in increasing output.
B
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In the figure above
A) moving from point a to point b would require new technology. B) production at point b is efficient whereas production at point a is not efficient. C) some resources must be unemployed at point c. D) opportunity costs are decreasing.
In a monopolistic competitive industry, short-run economic profit encourages entry of new firms until there are no economic profits in the long-run
a. True b. False Indicate whether the statement is true or false
The dramatic rise in the dollar between 1981 and 1986 was the result of a(n)
A. tight monetary and tight fiscal policy. B. expansive monetary and expansive fiscal policy. C. expansive monetary and tight fiscal policy. D. tight monetary and expansive fiscal policy.
Adrienne and Jacob talk about the 2008 financial crisis and the US Government's response to the troubles. So,
What will be an ideal response?What will be an ideal response?