Economists monitor economic growth by keeping track of
a. the stock market
b. population growth
c. the total quantity of goods and services produced in the United States each year
d. the inflation rate
e. the distribution of income among U.S. states
C
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The effect of a shift in the aggregate demand curve due to an increase in consumer confidence will be:
A. an increase in both prices and output in the short run. B. a decrease in prices only in the long run; output will remain the same. C. a decrease in both prices and output in the short run. D. an increase in output only in the long run; prices will remain the same.
The amount of a product that is produced is most directly affected by
A. labor unions. B. product utility. C. product value. D. consumer demand
Domestic goals dominate international goals for all of the following reasons except:
A. international goals affect a country's population indirectly. B. in politics, indirect effects take a back seat. C. international goals are ambiguous. D. countries are becoming more economically integrated.
Long-run aggregate supply will decrease for...
What will be an ideal response?