President Nixon fought the inflation of the early 1970s with:

While economic expansions average about three and one half years in duration, economic contractions average about:

The word stagflation describes a situation in which a higher price level occurs simultaneously with:

An economic variable that is measured per unit of time, such as spending per year, is known as a(n):

When economists refer to the economy’s price level, they mean:

An increase in aggregate supply will result in:

If firms expect greater demand for their products, invest in more capital and hire more labor,:

If the economy were initially in equilibrium and the aggregate demand curve shifted to the left,:

The aggregate supply curve has:

The Reagan administration’s 1981 investment tax changes were designed to: