The 1960s are remembered by most economists as a period of
a. very high rates of inflation.
b. very high rates of unemployment.
c. price controls and low inflation.
d. noninflationary growth.
e. all of the above.
d
Economics
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Assume the economy is initially in equilibrium with real GDP equal to potential GDP
Other things equal, if the economy enters a recession and there are no automatic stabilizers, the IS curve would shift to the ________, and the shift would be equal to ________. A) right; decline in investment spending B) left; decline in investment spending C) right; decline in investment spending times the multiplier D) left; decline in investment spending times the multiplier
Economics
A decrease in the price level will _____
Fill in the blank(s) with the appropriate word(s).
Economics