Which Set of Changes Is Definitely Predicted to Raise Real

question 116

Multiple Choice

Which set of changes is definitely predicted to raise Real GDP in the short run?

• A) Wealth increases and there is an adverse supply shock.
• B) Individuals expect higher (future)incomes and wage rates fall.
• C) Business taxes rise and wage rates fall.
• D) The U.S.dollar appreciates and there is a beneficial supply shock.
• E) none of the above

Identify and explain the law of effect and its role in operant conditioning.

Understand how conditioned responses can impact physical health and psychological conditioning.

Apply conditioning principles to the development and treatment of phobias and addictive behaviors.

Understand the various financing methods and instruments available to corporations, including equity offerings and debt issuances.

---

Definitions:

Demand

In economics, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Copyrights

Legal rights given to creators over their creations, granting them exclusive rights to use and distribute their work for a certain period of time.

Marginal Cost

The hike in overall cost that comes with the assembly of an extra unit of a product or service.

Elasticity

A measure in economics to show how much the quantity demanded or supplied of a good responds to a change in price or other factors.