Which statement is true?
A. The psychological theory of business cycles is an exogenous theory.
B. All business cycle theories are exogenous.
C. The war theory is an endogenous business cycle theory.
D. The monetary theory is an endogenous business cycle theory.
D. The monetary theory is an endogenous business cycle theory.
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Which of the following will cause a decrease in market equilibrium price and an increase in equilibrium quantity?
A. A decrease in demand B. A decrease in supply C. An increase in demand D. An increase in supply
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The Federal Trade Commission regulates which of the following?
A. trade with foreign nations B. unfair trade practices by businesses C. financial markets D. the banking industry