Long-run economic growth can be achieved with
A. Neutral monetary policy.
B. Contractionary fiscal policy.
C. A rightward shift in the long-run aggregate supply curve.
D. A rightward shift in the aggregate demand curve.
Answer: C
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Subjective evaluations
A) lend themselves to easy measurement. B) are objective in nature. C) are directly measured by productivity. D) are based on opinion.
Which of the following would increase output in the short run?
a. an increase in stock prices makes people feel wealthier b. government spending increases c. firms chose to purchase more investment goods d. All of the above are correct.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point E necessarily represents
A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.
Refer to the information provided in Figure 27.1 below to answer the question(s) that follow.
Figure 27.1Refer to Figure 27.1. An aggregate demand shift from AD1 to AD0 can be caused by
A. an increase in money supply. B. a decrease in government spending. C. an increase in the price level. D. a decrease in the price level.