Economists believe that one of the reasons explaining the extended prosperity phase of 1992-2000 was
a. the efficiency of President Clinton's Council of Economic Advisers
b. the rise in productivity caused by the diffusion and maturation of computer technology throughout the economy
c. the high degree of government spending during President Clinton administration
d. the decrease in the deficits during President Clinton administration
e. the decrease of aggregate demand and increase in aggregate supply
D
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What will be the principal and most immediate effect on the supply or demand of raw cotton grown in the United States if beef demand rises and ranchers are induced to reduce their flocks of sheep (for wool) in order to grow more cattle?
A) Decrease in demand. B) Decrease in supply. C) Increase in demand. D) Increase in supply
A difference between inventory investment and fixed investment is that
A) fixed investment is never unplanned. B) fixed investment is never planned. C) inventory investment is never unplanned. D) unplanned inventory investment is always zero.
List and describe two issues regarding incentives and information that explain why the median voter model might not accurately describe democratic decision-making
What will be an ideal response?
For a monopsonist, the supply of labor facing the firm is
a. an insignificant portion of the labor market's supply b. perfectly horizontal c. downward sloping d. the summation of each firm's demand for labor e. identical to the supply curve facing the labor market for the industry