Nonactivists of policies contend that a policy of shifting the aggregate ________ curve will be costly because it produces ________ volatility in both the price level and output
A) supply; less
B) supply; more
C) demand; less
D) demand; more
D
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Quantitative easing is likely to lead to a(n) ________
A) increase in unemployment rate B) decrease in the price level C) increase in the federal funds rate D) decrease in the federal funds rate
Refer to Table 2-1. Dina faces ________ opportunity costs in the production of sliders and hot wings
A) decreasing B) increasing C) constant D) negative
When the central bank is focusing on internal balance, their main target in the economy is
A) a desired level of real GDP. B) a balance of payments equilibrium. C) a certain level of real money balances. D) reducing government debt.
In the Keynesian model, changes in aggregate supply
a. are the primary determinant of inflation. b. could only destabilize the economy. c. are ignored. d. None of the above