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.
The structure of skin (a) and epidermis (b) at the microscopic level.
Sea Level during the Last Glaciation
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles.
The developed countries must reduce the level of greenhouse gas emissions
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011