If aggregate demand grows only slightly faster than potential GDP, then the economy will...
What will be an ideal response?
experience economic growth with low inflation
You might also like to view...
Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and has average variable costs of $150. The firm's total fixed costs are:
A. $5,000. B. $500. C. $0.50. D. $50.
If a major league baseball player would be willing to work for $500,000 per year and is currently being paid $1,200,000 per year, the opportunity cost of his decision to play baseball is
A) $500,000. B) $1,200,000. C) $1,700,000. D) $700,000.
A price floor in an agricultural market is called
A) an agricultural floor. B) a farm support. C) a price support. D) a farm subsidy. E) a farm support price.
The difference between an unbalanced and a balanced panel is that
A) you cannot have both fixed time effects and fixed entity effects regressions. B) an unbalanced panel contains missing observations for at least one time period or one entity. C) the impact of different regressors are roughly the same for balanced but not for unbalanced panels. D) in the former you may not include drivers who have been drinking in the fatality rate/beer tax study.