Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. lower; higher
D. higher; potential
Answer: D
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Use the figure below to answer the following question.
A decrease in supply would best be reflected by a change from
A. point 3 to point 4. B. point 5 to point 6. C. point 2 to point 1. D. point 5 to point 1.
The Tiebout model offers a quasi-market solution to public good production and community development. What are some drawbacks to this model?
What will be an ideal response?
At which interest rate is the present value of $183.60 two years from today equal to about $173.06 today?
a. 2 percent b. 3 percent c. 4 percent d. 5 percent
The Fanjuls are:
A. a consumer advocacy group attempting to ban special interest groups. B. free traders who propose doing away with all tariffs. C. sugar barons who give considerable money to politicians who make decisions on sugar quotas. D. a new political party based on the opposition to special interest politics.