The natural rate of real output reflects the levels of ______ in the economy.
a. capital, land, labor, and technology
b. prices
c. consumption, investment, imports, and taxes
d. wages
a. capital, land, labor, and technology
You might also like to view...
Jack wants to buy a new house. But the surge in housing demand over the last few months has led to a sharp increase in housing prices making it impossible for him to afford one on his current income. This is an example of a ________
A) positive externality B) negative externality C) pecuniary externality D) conspicuous externality
Neoclassical economists see no social ______________ to inflation and suggest that the government should take actions to control it.
a. drawback b. criticism c. benefit d. support
The price elasticity of demand measure is generally stated as an absolute value
a. True b. False Indicate whether the statement is true or false
A discretionary fiscal policy is a fiscal policy that...
What will be an ideal response?