The _____________is the period of production that allows producers to change the amount of labor.

If in the market for peaches the supply curve has shifted to the left

A) the quantity of peaches supplied has decreased. B) the quantity of peaches supplied has increased. C) the supply of peaches has increased. D) the supply of peaches has decreased.

In preparing their estimates of the stimulus package's effect on GDP, Obama administration economists estimated a government purchases multiplier of 1.57

Economist Robert Barro argues that ________, the government purchases multiplier would be lower than the administration's estimate, and economists Lawrence Christiano, Martin Eichenbaum, and Sergio Rebelo argued that ________, the multiplier would be higher than the administration's estimate. A) during wartime; when short-term interest rates are near zero B) during a recession; when the inflation rate is relatively low C) when the unemployment rate is high; when the value of the dollar is depreciating against foreign currencies D) when the federal budget is in surplus; when government transfer payments are declining