Secular deflation occurs when
A. aggregate demand remains unchanged while economic growth increases long-run aggregate supply.
B. aggregate demand increases at the same time there is no economic growth.
C. both aggregate demand and aggregate supply are shifting left.
D. there is no economic growth and aggregate demand falls.
Answer: A
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Which of the following firms is considered a monopolistically competitive firm using the four-firm concentration ratio?Firm A: Four-Firm Concentration ratio=35%Firm B: Four-Firm Concentration ratio=25%
A. Firm A B. Firm B C. Both Firm A and Firm B D. Neither Firm A nor Firm B
If real GDP is greater than nominal GDP then the GDP price index
A) is greater than 100. B) is less than 100. C) is equal to 100. D) is either equal to or greater than 100. E) None of the above answers is correct because we need to choose a new base year.
Suppose a trademark's owner has successfully proven in court that an infringer has illegally infringed on the trademark. If the infringer has earned $9 million in profit as a result of illegally infringing on the trademark and the trademark's owner has suffered $2 million in damages, the trademark's owner will be awarded ________.
A) $11 million B) $9 million C) $7 million D) $2 million
An increase in the price level
a. increases investment spending, thereby shifting the AD curve to the left b. does not shift the AD curve c. causes the government's budget deficit to fall d. increases investment spending, thereby shifting the AD curve to the right e. shifts the AS curve outward