If most people expect the inflation rate will increase, the:
A. short-run aggregate supply curve would shift to the left.
B. aggregate demand curve would shift right.
C. long-run aggregate supply curve would shift right.
D. short-run aggregate supply curve would shift to the right.
Answer: A
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Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
When is a game dominance solvable?
When an effluent fee is put in place,
a. all polluting sources will abate the same number of units, regardless of cost differences b. cost savings can be realized c. an efficient solution is assured d. each polluting source reduces effluents to zero to avoid the fee
A marginal propensity to save (MPS) of 0.25 means a $50 million tax cut ultimately
A. Increases spending by $400 million. B. Increases spending by $200 million. C. Increases spending by $150 million. D. Reduces spending by $50 million.