An increase in investment causes the price level to ________ in the short run and ________ in the long run
A) increase; increase further
B) increase; decrease
C) decrease; decrease further
D) decrease; increase
Answer: A
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Indicate whether the statement is true or false
Robots are used to produce automobiles. The robots would be considered to be ______.
a. causation b. an output c. a resource d. a tax deduction
Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in millions of dollars. The data indicate that
What will be an ideal response?
Which one of the following is an example of discretionary fiscal policy used to correct an inflationary gap?
A. an agreement among major banks to lower interest rates B. decrease in the money supply by the Federal Reserve C. an increase in government expenditures approved by Congress D. a tax increase passed into law by Congress