Which of the following causes a movement upward along the aggregate demand curve?
A. a fall in wages
B. an increase in the price level
C. an increase in government spending
D. an increase in the money supply
Answer: B
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The Federal Open Market Committee (FOMC) is composed of
A) representatives from the governors of all 50 states. B) Presidents of 5 Federal Reserve regional banks and the Board of Governors. C) the 12 Presidents of the Federal Reserve regional banks. D) the Board of Governors, the Vice-President of the United States, and the Secretary of Treasury for the United States.
Total profit is equal to
a. total revenue minus total cost. b. total revenue minus explicit cost. c. total revenue minus variable cost. d. total revenue minus marginal cost.
In the United States, technological advances help explain persistently rising employment in the face of rising wages
a. True b. False Indicate whether the statement is true or false
The establishment of Silicon Valley in California is a contemporary example of _______; one that many have unsuccessfully tried to
Fill in the blank(s) with the appropriate word(s).