Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. higher; potential
D. lower; higher
Answer: A
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A privately owned monopoly will NEVER produce along a range of output for which
A) the demand curve is elastic. B) the demand curve is inelastic. C) the price elasticity of demand is greater than 1. D) the price elasticity of supply is greater than 1.
In general, ________ a higher rate of return for a given level of risk than ________ can offer.
A. any other type of saving has; a portfolio B. a portfolio has; individual assets C. individual assets have; a portfolio D. a portfolio has; any other type of saving
Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A's reserves immediately increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
Some international negotiations have been characterized as pitting rich nations against poor ones, yet often the countries we call developing are not all on the same side of an issue
What are some differences among developing countries that may account for this lack of harmony?