Suppose aggregate demand shifts to the left and policymakers want to stabilize output. What can they do?
a. repeal an investment tax credit or increase the money supply
b. repeal an investment tax credit or decrease the money supply
c. institute an investment tax credit or increase the money supply
d. institute an investment tax credit or decrease the money supply
c
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To what phenomenon does "Solow's Paradox" refer?
A) the failure of the Solow growth model to incorporate endogenous growth variables B) the absence of any measured effect of new computer technology on productivity statistics. C) the absence of any long term effect of saving on economic growth rates in the Solow growth model D) the failure of the Solow growth model to predict non-convergence of poor countries
According to the graph shown, the monopolistically competitive firm will charge a price:
These are the cost and revenue curves associated with a monopolistically competitive firm.
A. P3 in the short run, and earn positive profits.
B. P2 in the long run, and earn zero profits.
C. P3 in the long run, and earn zero profits.
D. P2 in the short run, and earn positive profits.
Which of the following does not appear on the asset side of a bank's balance sheet?
a. Required reserves. b. Checkable deposits. c. Loans. d. Excess reserves.
Land, as a resource, is sometimes confused with what is ________.
Fill in the blank(s) with the appropriate word(s).