Refer to the diagrams. The case of complementary goods is represented by figure:
A. A.
B. B.
C. C.
D. D.
C. C.
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According to the rational expectation view, the government can change real output:
a. with appropriate, well-publicized fiscal and monetary policies b. with appropriate, well-publicized fiscal and monetary policies in the short run, but not in the long run. c. only by making unexpected changes in aggregate demand. d. without ever affecting the price level.
The nominal interest rate for a consumer loan lasting from 2007 to 2008 is 8.5 percent and the real interest rate is 4.5 percent. If the consumer price index was 200 in 2007, what would the consumer price index value be in 2008?
a. 192 b. 208 c. 209 d. 217
Nearly _____________ of the world's people have never made a phone call.
Fill in the blank(s) with the appropriate word(s).
Along the Keynesian range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
A. both the price level and real GDP. B. only real GDP. C. only the price level. D. real GDP and reduce the price level.