The change in AD is the same size as the change in equilibrium GDP if prices are held constant.
Answer the following statement true (T) or false (F)
True
The change in AD is equal to the change in equilibrium GDP if the AS curve is horizontal over a particular range.
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Everything else held constant, if income tax rates were lowered, then
A) the interest rate on municipal bonds would fall. B) the interest rate on Treasury bonds would rise. C) the interest rate on municipal bonds would rise. D) the price of Treasury bonds would fall.
A difference between inventory investment and fixed investment is that
A) fixed investment is never unplanned. B) fixed investment is never planned. C) inventory investment is never unplanned. D) unplanned inventory investment is always zero.
If more of one good can be produced without producing less of another output, the economy must have been operating efficiently
a. True b. False Indicate whether the statement is true or false
"Property rights" can usefully be thought of as
What will be an ideal response?