An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by one that is temporary?
A) The LM curve
B) The IS curve
C) The FE line
D) The labor demand curve
B
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Refer to Figure 15.2. The economy is at full employment and the unemployment rate is at the natural rate at point
A) a. B) b. C) c D) d.
Define discounted value of a future payment
What will be an ideal response?
When firms price discriminate they
A) sell to new consumers who would not have bought at the profit-maximizing uniform price but lose sales to existing consumers because of the higher prices. B) sell to new consumers that would not have bought at the profit-maximizing uniform price. C) lose surplus from consumers who would have bought at the profit-maximizing uniform price. D) None of the above.
Reserves are:
A. assets and liabilities for the central bank. B. assets of the commercial banks and liabilities of the central bank. C. assets of the central bank and liabilities of the commercial bank. D. liabilities of the commercial and central banks.