A shift from LRAS2 to LRAS1 represents ______.
a. an increase in the price level
b. a decrease in the price level
c. an increase in real GDPNR
d. a decrease in real GDPNR
d. a decrease in real GDPNR
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Which of the following statements is true?
A) Randomization allows for classification of participants according to their choice. B) The subjects in the treatment group and the control group of an experiment are treated identically, except along a single dimension. C) Randomization is not used in medical experiments. D) The subjects in the treatment group and the control group of an experiment are identical in all respects and they are treated identically.
The marginal propensity to import (mpi), where M = imports, is defined as
A) M * Y. B) ?M/?Y. C) M - Y. D) ?M * ?Y.
A rise in U.S. real GDP would cause
a. leftward shifts of the demand curves for foreign currencies b. rightward shifts of the demand curves for foreign currencies c. rightward movements along the demand curves for foreign currencies d. no change in the demand curves for foreign currencies e. initial rightward movements along the demand curves for foreign currencies, followed by leftward shifts of those curves.
Keynes believed that a market-driven economy was inherently unstable.
Answer the following statement true (T) or false (F)