Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; higher
C. higher; potential
D. lower; higher
Answer: A
You might also like to view...
Adjustments to GDP to account for environmental impacts is
a. ecodevelopment b. sustainable growth c. externalities d. environmental accounting e. none of the above
An antitrust agency is identifying the product market for Good X and determines that Good X and Good Y have a cross-price elasticity of 15.2. As a result of the cross-price elasticity, the antitrust agency is likely to ________ Good Y from Good X's product market as the products ________ compete as close substitutes.
A) exclude; do not B) exclude; do C) include; do not D) include; do
The entity that purchases a bond is called the
a. debtor b. creditor c. bond-purchasing agent d. bond licensee e. c and d
The marginal cost curve intersects the average fixed cost curve at its minimum
Indicate whether the statement is true or false