The supply chain has change very little over the past 50 years
Indicate whether the statement is true or false
False
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Financial Crisis Suppose that banks are less able to raise funds and so lend less. Consequently, because people and households are less able to borrow, they spend less at any given price level than they would otherwise. The crisis is persistent so lending should remain depressed for some time. Refer to Financial Crisis. What happens to the price level and real GDP in the short run?
a. both the price level and real GDP rise b. the price level rises and real GDP falls c. the price level falls and real GDP rises d. both the price level and real GDP fall
In the United States, the pollution prevention hierarchy consists of the following
a. source reduction b. reuse/recycling c. cleaner production d. all of the above e. (a) and (b) only
Profit-maximizing employment is the quantity of labor at which
A) marginal revenue product is equal to marginal factor cost. B) marginal revenue product is equal to product price. C) marginal factor cost is equal to marginal revenue. D) marginal factor product is equal to product price.
A decrease in confidence will immediately shift
A. aggregate supply to the right. B. aggregate demand to the right. C. aggregate supply to the left. D. aggregate demand to the left.