An increase in the nominal wage shifts the aggregate supply inward.

Answer the following statement true (T) or false (F)


True

Economics

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A particularly severe recession is called a(n):

A. lull. B. growth recession. C. depression. D. super recession.

Economics

The prime rate

A) is charged by high quality corporations to each other. B) is charged by banks to each other. C) is charged by the Federal Reserve to member banks. D) is charged by banks to high quality corporations. E) fluctuates on a day-to-day basis as do other rates.

Economics

Structural unemployment is a special type of cyclical unemployment

a. True b. False Indicate whether the statement is true or false

Economics

Since 1980, changes in the nature of both the M1 and M2 money supply have

a. increased their reliability as indicators of monetary policy. b. decreased their reliability as indicators of monetary policy. c. had no effect on their reliability as indicators of monetary policy. d. decreased their reliability as indicators of fiscal policy.

Economics