In the dynamic aggregate demand and aggregate supply model, what is the result of aggregate demand increasing slower than potential real GDP?
What will be an ideal response?
Aggregate demand increasing slower than potential real GDP results in recession.
Economics
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The CPI in 2010 was 218, while the CPI in 1980 was 82. If you had $5,000 in 1980, its equivalent purchasing power in 2008 would be $10,850
Indicate whether the statement is true or false
Economics
A profit-maximizing monopsonist will hire workers up to the point at which
A) W = MRP. B) MRP = MFC. C) W = MFC. D) W = MRP = MFC.
Economics
Explain and interpret the elements of an individual and market demand schedule
What will be an ideal response?
Economics
Which of the following would shift the aggregate demand curve to the right?
A. an increase in interest rates B. an increase in labor productivity C. an increase in taxes D. an increase in government spending
Economics