A decrease in aggregate demand will have no effect on the real equilibrium GDP of the economy and will lower its price level in the short run.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Sustained economic growth generally occurs when a nation
A) abandons the market system in favor of central economic planning. B) abandons the rule of law in favor of a series of licenses, regulations, and tariffs to control and protect the domestic economy. C) subsidizes loss-generating enterprises and thereby preserves jobs and incomes. D) creates conditions where people are free to specialize and exchange.
An unexpected rise in the LEI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
H1: âj
0, where âj is a regression coefficient associated with an explanatory variable, represents a one-sided alternative hypothesis.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.