If forced to choose, middle class whites would generally prefer as neighbors middle class blacks to poor whites
Indicate whether the statement is true or false
T
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From an initial long-run equilibrium, if aggregate demand grows more slowly than long-run and short-run aggregate supply, then Congress and the president would most likely
A) increase the required reserve ratio and decrease government spending. B) decrease government spending. C) decrease oil prices. D) decrease taxes. E) lower interest rates.
Some economists argue that it is easier to resolve demand-pull inflation than it is cost-push inflation. Use the aggregate demand and aggregate supply model to explain this assertion.
What will be an ideal response?
Which of the following would not shift the aggregate expenditures curve?
A. Changes in consumer or business confidence B. A change in the real interest rate C. Changes in net exports that result from exchange rate changes D. Fiscal policy changes
A labor system whereby a limited number of workers can be certified to work in a particular field but are of higher ability because of the training necessary for certification will cause
A. the supply curve for these workers to become horizontal at some point. B. the demand for these workers to decrease. C. the supply for these workers to decrease. D. the wage paid to these workers to decrease.