An increase in the aggregate demand curve will, in the short run, change:
A. output but not price level.
B. both output and the price level.
C. the price level but not output.
D. neither output nor the price level.
Answer: B
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A minimum wage set above the equilibrium wage rate for low-skilled workers ________
A) creates more employment opportunities for low-skilled workers B) creates more prosperity among younger people C) creates unemployment among low-skilled workers D) increases the number of good paying jobs available to young people
If a security pays $55 in one year and $133 in three years, its present value is $150 if the interest rate is
A) 5 percent. B) 10 percent. C) 12.5 percent. D) 15 percent.
Given the information in Figure 14.4, the monopoly wage rate is:
A) W1. B) W2. C) W3. D) W4. E) none of the above
The Federal Reserve monetary policy goals of maximum employment mean
What will be an ideal response?