One reason for the short-run aggregate supply curve (SRAS) is:
a. fixed-wage contracts.
b. perfect knowledge of workers.
c. the upward-sloping production function.
d. a fixed CPI market basket.
a
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One of the impacts of maturity transformation is that:
A) relatively liquid assets become relatively illiquid. B) it decreases the rate of inflation. C) it increases the rate of inflation. D) relatively illiquid assets become relatively liquid.
Fred the farmer purchased five new tractors at $20,000 each. Fred sold his old tractors to other farmers for $50,000. The net increase in GDP of these transactions was
A) $50,000. B) $100,000. C) $125,000. D) $150,000.
A decrease in the discount rate by the Federal Reserve causes the money stock to expand
a. True b. False Indicate whether the statement is true or false
In the figure above, the combination of computers and televisions shown by point X A) is not attainable at the point in time for which the graph is drawn. B) can be attained only if some of societies resources are unemployed. C) suggests that the law of increasing relative costs does not hold. D) results only because society allocates its resources inefficiently.