Which of the following events will increase short-run aggregate supply?
A) an advance in technology
B) an increase in resource prices
C) an increase in the natural rate of unemployment
D) an increase in foreign income
A) an advance in technology
You might also like to view...
Lower interest rates cause the velocity of M1 to
A) turn negative. B) move erratically. C) increase. D) decline.
If the Central Bank of Macroland puts an additional 1,000 dollars of currency into the economy, the public deposits all currency into the banking system, and banks have a desired reserve/deposit ratio of 0.10, then the banks will eventually make new loans totaling ________ and the money supply will increase by ________.
A. $1,000; $1,000 B. $9,000; $9,000 C. $1,000; $9,000 D. $9,000; $10,000
Total product divided by the variable input is
A. average total cost. B. average product. C. marginal cost. D. marginal product.
Suppose the world was on the gold standard. If the U.S. ran persistent trade deficits, all of the following would occur except
A. the U.S. money supply would decline. B. the U.S. would have a falling average price level. C. U.S. interest rates would most likely rise. D. gold would flow into the United States.