Which of the following is held constant in the short-run macro model?
a. GDP
b. Prices
c. Investment spending
d. Consumption
e. The money supply
B
You might also like to view...
Suppose it takes Paul 3 hours to bake a cake and 2 hours to move the lawn, and suppose it takes Tom 2 hours to bake a cake and 1 hour to mow the lawn. Which of the following statements is correct?
A. Paul has the comparative in baking cakes B. Paul has the comparative in mowing the lawn C. Paul has the absolute advantage in baking cakes D. Paul has the absolute advantage in mowing the lawn.
A decrease in demand, with supply constant, results in a(n)
a. increase in equilibrium price and a decrease in equilibrium quantity b. decrease in equilibrium price and a decrease in equilibrium quantity c. increase in equilibrium price and an increase in equilibrium quantity d. increase in equilibrium price and an ambiguous effect on equilibrium quantity e. decrease in supply
Government intervention in agricultural markets in the U.S. began
A) during World War II to ensure that enough food was available for domestic consumption. B) after World War I in order to assist farmers to adjust from a war-time economy to a peace-time economy. C) during the Great Depression. D) during the Korean War.
As in the United States, an important factor in the banking crises in Norway, Sweden, and Finland was the
A) financial liberalization that occurred in the 1980s. B) decline in real interest rates that occurred in the 1980s. C) high inflation that occurred in the 1980s. D) sluggish economic growth that occurred in the 1980s.