Which of the following, other things the same, would make the price level increase and real GDP decrease?
a. long-run aggregate supply shifts left.
b. long-run aggregate supply shifts right.
c. aggregate demand shifts right
d. aggregate demand shifts left.
a
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The above gives some of the balance of payments accounts of the United States in 2020
a) What is the current account balance? b) What is the capital account balance? c) What is the official settlements account balance?
In the United States and other high-income countries, capital's share and labor's share of total income have been about ________, respectively
A) 1/2 and 1/2 B) 4/5 and 1/5 C) 1/3 and 2/3 D) 3/4 and 1/4
Which of the following is not a probable consequence of food aid to developing countries?
a. Increased domestic food prices b. Declining domestic output c. Misallocation of food supplies d. Increased dependency on foreign food supplies e. Increased starvation of the needy
Fiscal policy cannot be used to move the economy along the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false