The long-run aggregate supply curve can be thought of as the
A) level of output that the nation is currently producing.
B) full-employment level of real GDP.
C) level of real GDP associated with a constant price level.
D) level of output for which real GDP equals nominal GDP.
B
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Which one of the following countries refused to accept the IMF conditions during the East Asian financial crisis?
A) South Korea B) Indonesia C) Malaysia D) Thailand E) Singapore
Keynes argued that the precautionary component of the demand for money was primarily determined by the level of people's ________, which he believed were proportional to ________
A) incomes; wealth B) incomes; age C) transactions; income D) transactions; age
Good A has an income elasticity equal to -0.8 and a cross price elasticity with respect to Good B of -0.75 . Then: a. Good A is an inferior good and Goods A and B are substitutes. b. Good A is an inferior good and Goods A and B are complements. c. Good A is a normal good and Goods A and B are substitutes
d. Good A is a normal good and Goods A and B are complements.
Every month, Carlos deposits $300 into an interest-bearing account managed by his broker, Megan. Megan pools the funds in Carlos’s account with funds from the accounts of other clients and invests them in short-term securities. Which statement is also true about this situation?
a. This is an example of a savings deposit account. b. This is an example of a demand deposit account. c. Carlos is allowed to write checks against his account, within certain limitations. d. Due to the account type, the funds Carlos has deposited have a low level of liquidity.