Which of the following is true of a recessionary gap?
a. It develops when the expected price level is less than the actual price level.
b. In the long run, this gap closes when resource suppliers negotiate lower resource payments.
c. It measures the amount by which actual output is greater than the economy's potential output.
d. In the long run, this gap closes when the short-run aggregate supply curve shifts rightward.
e. In the long run, this gap closes when the aggregate demand curve shifts rightward.
Question 2
Identify the correct statement about changes in money supply.
a. A decrease in money supply causes interest rates to fall.
b. A decrease in money supply causes investment spending to increase.
c. A decrease in money supply causes gross domestic product to increase.
d. A decrease in money supply causes investment spending to decrease.
e. A decrease in money supply causes aggregate expenditure to increase.
Adapoids and omomyoids had longer snouts and are the first “true” primates.
Which of the following statements is true of linkage?
How to create a price index to calculate inflation for a basket of goods
The gap between the projected level of greenhouse gas emissions
Real Price of Oil, 1861–2010
What level of barometric pressure effects body?