If an active approach is followed in closing an expansionary gap, _____
a. the aggregate demand curve would shift rightward
b. the aggregate demand curve would shift leftward
c. the short-run aggregate supply curve would shift rightward
d. the short-run aggregate supply curve would shift leftward
e. there would be a movement up and to the left along the short-run supply curve
b
You might also like to view...
A commercial bank's reserves are equal to the amount of
A) the bank's loans. B) only the currency in its vault. C) currency in the bank's vault plus the balance on its reserve account at a Federal Reserve Bank. D) the bank's deposits. E) the bank's government securities.
Refer to the table above. What is the total cost incurred per month if Ryan rents Apartment 3?
A) $2,000 B) $2,050 C) $2,150 D) $2,270
The substitution effect measures
A) the responses of quantities to changes in the relative prices of goods. B) the responses of relative prices to changes in the demand for goods. C) how two goods can be used for the same purpose. D) the responses of quantities to changes in the relative qualities of goods.
One characteristic of a monopoly market is that the product is virtually identical to products produced by competing firms
a. True b. False Indicate whether the statement is true or false