Alternating periods of economic growth and contraction in real GDP define

If the level of prices and output are compatible with both buyers’ and sellers’ intentions, then the policy goals are satisfied.

Jack has an MPC of 0.82 and Jill has an MPC of 0.78. Ceteris paribus, if the government transfers income from people who behave like Jack to people who behave like Jill,

The marginal propensity to consume is

At the time it occurs, external financing of the debt allows the economy to

If the economy has an inflationary GDP gap, one possible solution is to increase taxes.

In order to reduce the U.S. debt,

The profit effect occurs because, in the short run, resource costs typically do not increase as rapidly as the price of goods and services.

A positively sloped aggregate supply curve reflects

AD excess is the amount of additional aggregate demand needed to achieve full employment after allowing for price level changes.