Economists who view the AS curve as vertical believe that government ________________ to raise Real GDP (in the short run) from the demand side of the economy. Economists who view the AS curve as upward-sloping believe that changes in Real GDP (in the short run) _________ result from changes on the demand side
A) can do many things; cannot
B) cannot do anything; may
C) can do many things; may
D) cannot do anything; cannot
B
You might also like to view...
The deadweight loss generated by a perfect-price-discriminating monopoly
A) equals the deadweight loss of a single-price monopoly. B) is greater than the deadweight loss of a single-price monopoly. C) equals zero. D) equals the sum of all lost consumer surplus.
Refer to the above figure. Saving occurs at
A) only at point A. B) to the left of point B. C) only at point B. D) to the right of point B.
A country can attempt to increase its capital stock by
a. shifting resources away from capital goods toward consumer goods b. shifting resources away from human capital goods toward physical capital goods c. shifting resources away from consumer goods toward capital goods d. shifting resources away from physical capital goods toward human capital goods e. shifting resources away from consuming tomorrow toward consuming today
Which of the following markets best illustrates the practice of price discrimination?
A. The airline market. B. Wheat farming. C. The personal computer market. D. The fast-food market.