Assuming the price level has not changed, how would an increase in the aggregate demand affect real GDP?
A) It only changes with changes in exports. B) It increases.
C) It only changes with changes in imports. D) It decreases.
B
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The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda forgone
If ________ pizzas are produced, the quantity of soda that people are willing to give up to get an additional pizza is more than the quantity of soda that they must give up to get that additional pizza. A) any quantity other than 40 B) 40 C) more than 40 D) fewer than 40
One of the drawbacks of horizontal fracking is that it drew workers from other industries to the fracking industry
a. True b. False Indicate whether the statement is true or false
If the structural stagnation hypothesis is correct, demand-side government policy has been far too expansionary since the mid:
A. 1970s. B. 1990s. C. 1980s. D. 2000s.
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.