Expectations that the price level will increase in the future will:
What will be an ideal response?
shift the current consumption function upward.
You might also like to view...
Employment protection laws make it ________ for firms to hire people, which can result in a(n) ________ in the number of people who are structurally unemployed
A) more risky; increase B) more risky; decrease C) less risky; increase D) less risky; decrease
If deviations from trend in a macroeconomic variable are positively correlated with deviations from trend in real GDP, that variable is said to be
A) useful in predicting future movements in real GDP. B) procyclical. C) countercyclical. D) acyclical.
The production possibilities frontier slopes downward and to the right because of limited resources
a. True b. False Indicate whether the statement is true or false
The current value of real GDP is
A. less than $10 trillion B. between $10 trillion and $14 trillion C. between $14 trillion and $18 trillion D. more than $18 trillion