If there is currently a recessionary gap:
a. The price level will tend to rise.
b. Real output will tend to rise.
c. Both a. and b. will occur.
d. None of the above will occur.
Question 2
Suppose an economy is in equilibrium. Also suppose that consumer expectations change as the threat of war increases the likelihood of an increase in taxes. This would result in:
a. an increase in equilibrium income.
b. no change in equilibrium income.
c. a downward shift of the aggregate supply curve.
d. a decrease in equilibrium income.
e. a change in the slope of the aggregate supply curve.
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
The level in the coolant recovery system raises and lowers with engine temperature.
Upper-Level Maps
Examples of Basic-Level, Subordinate, and Superordinate Concepts
Many U.S. regions under threat due to changes in sea level
How much the temperature will rise depends on many factors that affect the level of GHG emission