1. Suppose that population growth slows because of new laws that make it harder for foreign citizens...
Question:
1. Suppose that population growth slows because of new laws that make it harder for foreign citizens to move to the United States. The slowdown in population growth is especially noticeable among working age adults (those aged 16 and older) . The predicted effect on the economy In the short-run is: the price level will ________ and real GDP will __________.
remain unchanged, remain unchanged | |
increase; increase | |
decrease; decrease | |
increase; decrease | |
increase; remain unchanged | |
decrease; increase |
2. Suppose government spending increases. The predicted effect on the economy In the short-run is: the price level will ________ and real GDP will __________.
increase; remain unchanged | |
decrease; increase | |
increase; increase | |
increase; decrease | |
decrease; decrease |
3.Suppose the value of the dollar increases. The predicted effect on the economy In the long-run is: the price level will ________ and real GDP will __________.
increase; decrease | |
decrease; increase | |
increase; increase | |
increase; remain unchanged | |
decrease; remain unchanged | |
decrease; decrease |
Managerial Economics and Organizational Architecture
ISBN: 978-0073523149
6th edition
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman