Assuming a long-run aggregate supply curve, a decrease in consumer confidence results in ________ in output and ________ in price level
A) a decrease; no change B) a decrease; a decrease
C) an increase; no change D) no change; a decrease
D
Economics
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_____ is an example of human specificity which raises the risks associated with opportunism
a. Car insurance purchased by an individual for his/her favorite car. b. Investment of an employer in company-specific skills. c. Purchasing immovable machines for a particular facility. d. Investment in research and development
Economics
If a country had a nominal GDP of $753 million, and the GDP deflator was 110, what is the real GDP?
a. $685 million b. $828 million c. $836 million d. $863 million
Economics