To determine the equilibrium price level and equilibrium level of real GDP, the aggregate demand and aggregate supply must:
A. be considered separately.
B. intersect.
C. be disregarded.
D. be considered as a multiplier.
Answer: B
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Greater optimism about the expected profits from investment projects
A) shifts the demand for loanable funds curve rightward. B) shifts the demand for loanable funds curve leftward. C) causes a movement upward along the demand for loanable funds curve. D) causes a movement downward along the demand for loanable funds curve.
The SAS curve shifts if there is a change in the price level
Indicate whether the statement is true or false
A term that categorizes patterns of exchange rate behavior is known as:
a. exchange rate regimes. b. exchange rate realms. c. exchange rate principles. d. exchange rate observations.
By value, a majority of the assets held by the Fed is in gold.
Answer the following statement true (T) or false (F)