The real-balances, interest-rate, and foreign purchases effects all help explain:
A. why the aggregate demand curve is downsloping.
B. why the aggregate supply curve is upsloping.
C. shifts in the aggregate demand curve.
D. shifts in the aggregate supply curve.
A. why the aggregate demand curve is downsloping.
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In periods when GDP grows very rapidly for a long period, the actual unemployment rate will be ________ than the natural rate of unemployment
A) higher B) the same C) more variable D) lower
The monetary policy strategy that does NOT allow the policy to focus on domestic considerations is
A) exchange-rate targeting. B) monetary targeting. C) inflation targeting. D) the implicit nominal anchor.
Monopolies impose the largest deadweight loss in markets with elastic demands.
Answer the following statement true (T) or false (F)
An example of a public good is
A. a concert by renowned country music star. B. a good that can be used exclusively by one consumer only. C. a local free fireworks display. D. a café latte at Starbucks.