An increase in the nominal wage shifts the aggregate supply inward.
Answer the following statement true (T) or false (F)
True
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A particularly severe recession is called a(n):
A. lull. B. growth recession. C. depression. D. super recession.
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.
Structural unemployment is a special type of cyclical unemployment
a. True b. False Indicate whether the statement is true or false
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.