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:
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