Aggregate supply increases when ________
A. the price level rises
B. the money wage rate falls
C. consumption increases
D. the money price of oil increases
B A fall in the money wage rate increases aggregate supply and shifts the AS curve rightward.
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At a higher nominal interest rate, the demand for money decreases
a. True b. False Indicate whether the statement is true or false
Competition is
A) important in both the market and government sectors. B) important in the market sector, but not in the government sector. C) important in the government sector, but not in the market sector. D) not very important in either the government or the market sector.
Which central bank has its exchange rate as a focus of its monetary? policy?
A) Bank of Canada
B) Bank of England
C) European Central Bank
D) Federal Reserve
Which economist argued that free markets unleashed the "animal spirits" of entrepreneurs, propelling innovation, technology, and growth?
A. John Maynard Keynes. B. Kenneth Olsen. C. Lord Kelvin. D. Irving Fisher.