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1) Since the end of World War II, the U.S. has almost always
1) Since the end of World War II, the U.S. has almost always had rising prices and an upward trend in real GDP. To explain this a. it is only necessary that long-run aggregate supply shifts right over… read more
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1) Which of the following shifts short-run, but not -run
1) Which of the following shifts short-run, but not long-run aggregate supply to the right? a. a decrease in the actual rate of inflation b. a decrease in the expected rate of inflation c. a decrease … read more
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Suppose that this year's money supply is $500 billion,
Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion and real GDP is $5 trillion.Suppose that velocity is constant and the economy's output of goods and services rises by… read more
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1. Suppose we have 2 countries - Gold Coast and Silver
1. Suppose we have 2 countries - Gold Coast and Silver Coast. The following table represents the nominal GDPs of both countries between 2008 and 2010. (For both countries, the base year is 2007.)a. Co… read more
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1. History proves that: (Points : 2) Countries with
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In the early part of the last decade, there was an overproduction
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Part I In the early part of the last decade, there was an
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21) Expansionary fiscal policy is so named because it A.
21) Expansionary fiscal policy is so named because it A. involves an expansion of the nation's money supply B. can only be attained by expanding government consumption C. is aimed at achieving greater… read more
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Real GDP increased 5% last year; the current unemployment rate
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21) Expansionary fiscal policy is so named because it A.
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Question 1 of 20 At equilibrium GDP: A. savings = investment,
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11) The first step in activity-based costing is to __________.
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22) President George W. Bush and congress cut taxes and raised
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22) Most economists use the aggregate demand and aggregate
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The Classical model is based on the assumption that
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12. Suppose that the demand and supply of bonds both change
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1. The annual Economic Report of the President is written by
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14.In the short run, if the economy is operating below potential
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