In the diagram, the economy's relevant aggregate demand and immediate-short-run aggregate supply curves, respectively, are lines:
A. 4 and 3.
B. 4 and 1.
C. 2 and 4.
D. 2 and 3.
A. 4 and 3.
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In the Keynesian model, which of the following will cause an increase in interest rates?
A) An increase in money demand B) An increase in money supply C) An increase in saving D) A decline in saving
The group within the Federal Reserve System that determines the general course for the nation's money supply is the
a. Federal Monetary Oversight Committee b. Federal Advisory Council c. Board of Governors d. Department of Commerce e. Federal Open Market Committee
If the tax on a good is doubled, the deadweight loss of the tax
a. increases by 50 percent. b. doubles. c. triples. d. quadruples.
If the price per barrel of Crude decreases in the international market, then this event would most likely:
a. Increase aggregate demand in the United States b. Increase aggregate supply in the United States c. Decrease aggregate supply in the United States d. Decrease aggregate demand