For a given increase in aggregate demand, the steeper the short-run aggregate supply curve:
a. the larger the increase in investment expenditure.
b. the smaller the increase in the price level
c. the smaller the increase in real GDP.
d. the larger the increase in real GDP.
e. the smaller the increase in real interest rate.
c
Economics
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By internal balance, most economists mean
A) full employment. B) price stability. C) full employment and price stability. D) full employment and moderate increase in prices. E) full employment and high disposable income.
Economics
The run up in gasoline prices between 1999 and 2007
A. still had them much below their long-term inflation-adjusted average. B. put them about the same as their long-term inflation-adjusted average. C. still had them slightly below their long-term inflation-adjusted average. D. put them much above their long-term inflation-adjusted average.
Economics