The entire sequence of a decline in aggregate economic activity followed by recovery, measured from peak to peak or trough to trough is a
A) long-run trend.
B) potential output path.
C) business cycle.
D) recurrent comovement.
C
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Foreign portfolio investment in the United States has continually declined since 1995
Indicate whether the statement is true or false
According to Ricardian Equivalence, a tax cut will not have a material impact on consumption spending since ________
A) households will simply save the monies received from the tax cut B) the value of the tax multiplier is one C) a tax cut must lead to an increase in prices, which leaves the real value of consumption unchanged D) a decrease in taxes will be balanced, under current federal law, by a government spending increase
An increase in the demand for a good refers to a shift in the
a. demand curve to the left b. demand curve to the right c. quantity demanded to the right d. quantity demanded to the left e. price of the good
How will a price ceiling affect producers?
a. Lower cost producers will be forced from the market. b. Higher cost producers will receive a higher price for each unit they sell. c. Lower cost producers will remain in the market, but will receive less for each unit. d. Higher cost producers will receive a transfer of surplus from consumers.