Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.

Refer to Scenario 17.2. The lowest level of y* that can be set and still have only the high-productivity people meet it is

A) 90. B) 60. C) 30. D) 22.5. E) 15.

If the U.S. dollar appreciates in value relative to foreign currencies, then this will:

A. increase aggregate demand and aggregate supply. B. increase aggregate demand and decrease aggregate supply. C. decrease aggregate demand and aggregate supply. D. decrease aggregate demand and increase aggregate supply.