An increase in government spending will shift the aggregate demand curve to the left.
Answer the following statement true (T) or false (F)
False
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Does minimizing average total costs ensure that a firm is maximizing its profits?
A decrease in the stock of capital may
A. decrease potential GDP. B. increase labor productivity. C. increase real GDP. D. decrease skilled labor.
An approach that can be taken by someone directly involved in a transaction to solve the problems caused by information asymmetry is:
A. proofing. B. building a reputation. C. disclosure laws. D. mandating that information be shared
If multiplier effects are ____ than policy makers expect or the natural rate of real output is _____ than expected, monetary policy will tend to overshoot its intended effects
a. Greater; greater. b. Greater; less c. Less; greater d. Less; less