Which of the following are theories of the BOT?
A) monetary approach
B) absorption approach
C) elasticities approach
D) Both B and C
D
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Research on labor supply generally shows that
A) labor supply rises in response to a permanent increase in the real wage, but falls in response to a temporary increase in the real wage. B) labor supply rises in response to a temporary increase in the real wage, but falls in response to a permanent increase in the real wage. C) labor supply rises in response to both a temporary and a permanent increase in the real wage. D) labor supply falls in response to both a temporary and a permanent increase in the real wage.
The first year of the Bush administration in 2001 could be represented as a(n)
a. increase in the aggregate demand curve. b. decrease in the aggregate demand curve. c. increase in the aggregate supply curve. d. decrease in the aggregate supply curve.
Suppose the rate of inflation in a country increases from 4% to 8% within a few months. This will cause: a. the demand curve for the currency to shift to the right
b. the demand curve for the currency to shift to the left. c. an upward movement along the demand curve for the currency. d. an upward movement along the supply curve for the currency.
What are the important factors that determine the velocity of money?
What will be an ideal response?