One reason given for the U.S. productivity slowdown in the period from 1973-1995 was
a. declining energy prices.
b. increasing energy prices.
c. increasing investment spending.
d. increasing government spending.
b
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An increase in the expected inflation rate causes the supply of bonds to ________ and the supply curve to shift to the ________, everything else held constant
A) increase; left B) increase; right C) decrease; left D) decrease; right
The joining of firms that are producing or selling a similar product is
A) a conglomerate merger. B) a horizontal merger. C) a vertical merger. D) always an illegal merger.
Most economists consider a theory a good one if it predicts well
a. True b. False
Based on these graphs, in both cases _____.
a. RGDP increases
b. RGDP decreases
c. price level increases
d. price level decreases