Author Question: A movement along a supply curve is induced by a change in A) input prices. B) taxes and ... (Read 98 times)

D2AR0N · **on:** Jun 29, 2018

A movement along a supply curve is induced by a change in

A) input prices.
B) taxes and subsidies.
C) price expectations.
D) the product's own price.

Question 2

Suppose the economy is initially experiencing a short-run recessionary gap. An increase in the size of the budget deficit will

A) increase the size of the recessionary gap.
B) reduce the size of the recessionary gap.
C) lead to an increase in prices with no increase in real GDP.
D) lead to a decrease in prices with an increase in real GDP.