Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. higher; potential
D. lower; higher
Answer: A
You might also like to view...
Why does the aggregate demand curve slope downward?
What will be an ideal response?
Which of the following statements best describes balanced budget amendments?
a. A balanced budget amendment allows small, temporary deficits that might, in some cases, be necessary. b. A balanced budget amendment prevents even small, temporary deficits that might, in some cases, be necessary. c. A balanced budget amendment allows large, temporary deficits that might, in some cases, be necessary. d. A balanced budget amendment prevents large, temporary deficits that might, in some cases, be necessary.
The four firm concentration is a measure of
a. the percentage of total output of the four largest firms in an industry b. the total output of the fourth largest firm in an industry c. the percentage of total sales of the four largest firms in an industry d. the total output or sales of the four largest firms in an industry e. either a or c
A currency system in which exchange rates are determined in free markets is called a:
A. fixed exchange rate system. B. gold standard. C. flexible exchange rate system. D. All of these