Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply.
B. a reduction in aggregate demand.
C. an increase in long-run aggregate supply.
D. an increase in aggregate demand.
Answer: B
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If the United States has a current account deficit and the capital account is zero, which of the following must be true?
A) The balance on the financial account must equal the balance on the current account. B) Domestic public saving must be less than net foreign investment. C) Net foreign investment must be negative as well. D) Domestic private saving must be less than net foreign investment.
Straight line pay for performance
a. Provides an incentive to increase performance b. Breaks the link between meeting a particular budget target and compensation c. Rewards the manager for doing more and punishes them for doing less d. All of the above
Since World War II, the average length of recessions in the United States has been:
a. 2 months. b. 11 months. c. 2 years. d. 3 1/2 years.
The free-rider problem is triggered by being:
A. excludable and rival in consumption. B. excludable and nonrival in consumption. C. nonexcludable. D. rival in consumption.