Microeconomics

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An expansionary gap is equal to: a. real GDP minus nominal GDP. b. nominal GDP minus real GDP. c. ... Started by c0205847	1 Replies 123 Views	Jun 30, 2018 by robbielu01
The more the short-run output exceeds an economy's potential, _____. a. the smaller the ... Started by ahriuashd	1 Replies 66 Views	Jun 30, 2018 by mrphibs
An expansionary gap in the short-run results in: a. lower resource prices in the long run. b. ... Started by erika	1 Replies 81 Views	Jun 30, 2018 by fauacakatahaias
If resource suppliers and demanders find out that the actual price level exceeds the expected price ... Started by abc	1 Replies 98 Views	Jun 30, 2018 by Natalie4ever
Which of the following occurs when an expansionary gap is closed in the long run by the action of ... Started by meagbuch	1 Replies 40 Views	Jun 30, 2018 by iman
Which of the following is true of an expansionary gap? a. It develops when the expected price level ... Started by bucstennis@aim.com	1 Replies 65 Views	Jun 30, 2018 by cswans24
Which of the following if true would suggest that an expansionary gap exists in an economy? a. ... Started by mynx	3 Replies 69 Views	Jun 30, 2018 by InfiniteSteez
Which of these does not hold true if an economy is simultaneously in long-run and short-run ... Started by Davideckstein7	1 Replies 65 Views	Jun 30, 2018 by shewald78
The amount by which actual output falls short of potential output is called: a. a deadweight loss. ... Started by OSWALD	1 Replies 130 Views	Jun 30, 2018 by ebonylittles
If the expected price level exceeds the actual price level in an economy, _____. a. firms increase ... Started by Sportsfan2111	1 Replies 144 Views	Jun 30, 2018 by ambernicolefink
As actual output falls below the potential level in the short run, which of the following is most ... Started by Jramos095	1 Replies 99 Views	Jun 30, 2018 by Sophiapenny
A recessionary gap is usually closed in the long run by a(n): a. rightward shift of the short-run ... Started by OSWALD	1 Replies 45 Views	Jun 30, 2018 by juicepod
Which of these changes is observed in an economy when a recessionary gap is closed in the long run? ... Started by piesebel	1 Replies 97 Views	Jun 30, 2018 by recede
Which of the following is true of a recessionary gap? a. It develops when the expected price level ... Started by Bob-Dole	1 Replies 104 Views	Jun 30, 2018 by dantucker
In the long run, an economy will produce its potential output if: a. workers mistakenly believe ... Started by big1devin	3 Replies 86 Views	Jun 30, 2018 by Carissamariew
In the long run, a decrease in aggregate demand will lead to a(n): a. decrease in price and output ... Started by mrsjacobs44	1 Replies 162 Views	Jun 30, 2018 by shaikhs
When resource prices are negotiable, the long-run aggregate supply curve is represented by: a. an ... Started by cdr_15	1 Replies 71 Views	Jun 30, 2018 by stano32
An increase in aggregate demand in the long run will most likely result in: a. a decrease in price ... Started by Arii_bell	1 Replies 95 Views	Jun 30, 2018 by Bsand8
Which of the following does not influence the position of the long-run aggregate supply curve? a. ... Started by go.lag	1 Replies 50 Views	Jun 30, 2018 by TheNamesImani
In the long run, the price level in an economy is determined solely by: a. the long-run aggregate ... Started by evelyn o bentley	1 Replies 93 Views	Jun 30, 2018 by macagnavarro
Which of the following is true when an economy is in long-run equilibrium? a. Actual output can ... Started by jon_i	1 Replies 112 Views	Jun 30, 2018 by Koolkid240
Which of the following is generally true of nominal wages? a. In the long run, nominal wages tend ... Started by j.rubin	1 Replies 111 Views	Jun 30, 2018 by Ksanderson1296
If resource prices are sticky downward and a recessionary gap develops, the short-run aggregate ... Started by pepyto	3 Replies 81 Views	Jun 30, 2018 by mcarey591
The rate at which aggregate supply changes to restore equilibrium at potential output depends ... Started by ENagel	1 Replies 142 Views	Jun 30, 2018 by Pamela.irrgang@yahoo.com
A recessionary gap develops: a. when actual output exceeds potential output. b. when resource ... Started by vinney12	1 Replies 119 Views	Jun 30, 2018 by cupcake16