In the long run, a change in the money supply does not affect the natural rate of unemployment because _____
Fill in the blank(s) with the appropriate word(s).
the long-run aggregate supply curve is vertical.
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When there is a permanent increase in market demand in a constant-cost industry, a firm's Short-run Average Total Cost Curve will
a. shift down b. remain the same c. shift up d. become vertical
Along a linear downward-sloping demand curve, the price elasticity of demand will be
A. equal to zero across each price range. B. greater than one across each price range. C. different across each price range. D. less than one across each price range.
The budget deficit
a. is the value of the government's indebtedness at a moment in time. b. was $13.5 trillion in fiscal 2014. c. is the amount by which the government's expenditures exceed receipts during a specific time period. d. All of the above are correct.
When Benjamin Franklin wrote, "Remember that time is money!" he understood
What will be an ideal response?