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How is unemployment affected when the economy slows down?
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- A shortage will develop when- The quantity supplied of a good is greater than the quantity demanded- The equilibrium quantity supplied is lower than the actual quantity supplied- The government provides subsidies to producers- The market price is below the equilibrium price
- If an economy maintains a small rate of growth for a long period of time, then the size of the economyA) can only increase by a small amount.B) can never double.C) can increase by a large amount.D) will stay nearly constant.
- bThe long-run effect of higher government budget deficits on the equilibrium annual flow of real GDP is zero. Who, therefore, benefits in the long run from higher government deficits?Those who benefit in the long run from higher budget deficits areA.those who receive the larger share of the annual flow of real GDP to government-provided goods and services—that is, those to whom these goods and services are not redistributed.B.those who receive the larger share of the annual flow of real GDP to government-provided goods and services—that is, those to whom these goods and services are redistributed.C.those who receive the smaller share of the annual flow of real GDP to government-provided goods and services—that is, those to whom these goods and services are redistributed.D.those who receive the smaller share of the annual flow of real GDP to government-provided goods and services—that is, those to whom these goods and services are not redistributed