What distinguishes the short-run real interest rate from the long-run real interest rate?
What will be an ideal response?
The short-run real interest rate is the interest rate that equilibrates aggregate demand and current output. The long-run real interest rate equilibrates aggregate demand with potential output. In the long run, the level of aggregate demand is consistent with the economy's ability to produce its normal level of output.
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Games:
A. only have one outcome possible. B. with noncooperative equilibriums are always negative-negative outcomes. C. may have several stable outcomes. D. must have a dominant strategy present to reach a stable equilibrium.
which of the following would result in a high rating on the economic freedom of the world index?
What will be an ideal response?
Federal government spending was fairly constant for more than a decade until the year _____, when it rose sharply; then it rose sharply again in the year _____.
Fill in the blank(s) with the appropriate word(s).
Wealth is a flow measure.
Answer the following statement true (T) or false (F)