Multiple Choice
(Consider This) The ratchet effect is the tendency of
A) the price level to increase but not to decrease.
B) nominal GDP to increase more rapidly than real GDP.
C) real interest rates to fall more rapidly than nominal interest rates.
D) consumption to rise year after year regardless of what happens to disposable income.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: The short-run aggregate supply curve shows the<br>A)
Q24: The long-run aggregate supply analysis assumes that<br>A)input
Q26: (Last Word) In response to the Great
Q30: In the immediate short run, both input
Q31: A decrease in expected returns on investment
Q32: Which of the following is incorrect?<br>A)As the
Q33: Graphically, the full-employment, low-inflation, rapid-growth economy of
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2595/.jpg" alt=" In the accompanying
Q184: The economy experiences an increase in the
Q304: An increase in aggregate demand is most