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Homework answers / question archive / 1) A decline in the Index of Supplier Deliveries is typically an indicator of a future in economic production, and a narrowing of the interest rate spread between the 10-year Treasury note and 3-month Treasury bill is typically an indicator of a future in economic production

1) A decline in the Index of Supplier Deliveries is typically an indicator of a future in economic production, and a narrowing of the interest rate spread between the 10-year Treasury note and 3-month Treasury bill is typically an indicator of a future in economic production

Economics

1) A decline in the Index of Supplier Deliveries is typically an indicator of a future in economic production, and a narrowing of the interest rate spread between the 10-year Treasury note and 3-month Treasury bill is typically an indicator of a future in economic production. A) slowdown; slowdown B) slowdown, increase C) increase; slowdown D) increase; increase 42. An increase in taxes lowers income: A) in the short run, but leaves it unchanged in the long run, while increasing consumption and lowering investment. B) in the short run, but leaves it unchanged in the long run, while lowering consumption and increasing investment C) and the interest rate in both the short and long runs. D) and the interest rate in the short run, but leaves both unchanged in the long run. 43. The vertical long-run aggregate supply curve satisfies the classical dichotomy because the natural rate of output does not depend on: A) the labor supply B) the money supply C) the supply of capital. D) technology 44. When an aggregate demand curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, if the money supply is decreased, then the aggregate demand curve will shift: A) downward and to the left. B) upward and to the right, C) upward and to the left. D) downward and to the right. 45. The short-run aggregate supply curve is horizontal at: A) a level of output determined by aggregate demand. B) a fixed price level. C) the level of output at which the economy's resources are fully employed. D) the natural level of output.

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