Multiple Choice
In which case can we be sure that real GDP and the price level rise in the short run?
A) foreign economies expand and taxes increase.
B) foreign economies expand and taxes decrease.
C) foreign economies contract and taxes decrease.
D) foreign economies contract and taxes increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the following by itself is
Q4: Consider the exhibit below for the following
Q5: Suppose the economy is in long-run equilibrium.Senator
Q6: If aggregate demand shifts right then in
Q7: The recessions of the 1970s are often
Q9: Stagflation exists when prices<br>A)rise and unemployment falls.<br>B)rise
Q10: An economic expansion caused by a shift
Q11: Keynes believed that economies experiencing high unemployment
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Q13: Pessimism<br>Suppose the economy is in long-run equilibrium.