Change in the aggregate quantity of goods and services supplied at every price level:
A. change in SRAS
B. change in LRAS
C. change in SRA quantity of output supplied
D. determinant of SRA
Ans: A. change in SRAS
Economics
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As contrasted to the mainstream view, Keynesian economists believe that ________ than mainstream economists believe
A) the multiplier effect is larger B) the burden of government debt on future generations is larger C) fiscal stimulus is weaker D) potential GDP is smaller E) the real GDP growth rate is higher
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With special-interest legislation,
a. benefits are concentrated but costs are widespread b. both benefits and costs are concentrated c. benefits are widespread but costs are concentrated d. both benefits and costs are widespread e. there is no predictable relationship between costs and benefits
Economics