An initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in a long-run equilibrium with...
What will be an ideal response?
a higher price level but the same real GDP
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When expansionary fiscal and monetary policies are joined with a ________ exchange rate system, the various components of economic policy often interact in ways that lead to a crisis followed by a steep recession
A) fixed B) floating C) crawling peg D) flexible
Which of the following is the best example of opportunity cost?
A) a company's expenditures on a training program for its employees B) the rate of return on a company's investment C) the amount of money that a company can earn by depositing excess funds in a money market fund D) the profit that a company forgoes when it decides to drop one product line in favor of another one
An example of third-party financing of health care is
A) patients paying for their visit to the doctor. B) patients not going to the doctor in order to save money. C) a patient going to another doctor for a second or a third opinion. D) Medicare.
Type I errors are
a. False negatives b. False positives c. True negatives d. True positives