In the long run, if there is an increase in the money supply growth rate, which of the following curves shifts right?
a. the short-run and the long run Phillips curves
b. the short-run but not the long run Phillips curve
c. the long-run but not the short-run Phillips curve
d. neither the short-run nor the long-run Phillips curves
b
You might also like to view...
In the market for loanable funds, the equilibrium interest rate is determined by the intersection of:
a. the downward-sloping supply curve for loanable funds and the upward-sloping demand curve for loanable funds. b. the upward-sloping supply curve for loanable funds and the downward-sloping demand curve for loanable funds. c. the downward-sloping supply curve of loanable funds and the horizontal demand curve for loanable funds. d. the downward-sloping supply curve of loanable funds and the vertical demand curve for loanable funds. e. the upward-sloping supply curve for loanable funds and the horizontal demand curve for loanable funds.
Corporate culture can be a strategic asset if it
A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.
Costs that accrue to the total population are called ____ costs. Costs incurred by the producer or consumer who makes the decision are called ____ costs
a. negative; positive b. social; private c. private; social d. positive; negative
A decrease in the price a firm receives for its output will lead the firm to:
A. expand output. B. reduce output. C. cut its payments to its factors of production. D. leave output unchanged.