Suppose we observe an economy experiencing an economic expansion and high inflation. This means the expansion is attributed to
a. an anticipated increase in aggregate demand.
b. an increase in long-run aggregate supply.
c. an unanticipated decrease in aggregate demand.
d. an unanticipated decrease in aggregate supply.
A
Economics
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In the consumption function C = a + c(Y - T), induced consumption is
A) a + c(Y - T). B) a + cY. C) cY. D) c(Y - T).
Economics
What is the internal rate of return on a new $2,000 heater that would reduce your heating costs by $200 a year forever? Under what conditions would you make the purchase?
What will be an ideal response?
Economics