On a steeply sloped aggregate supply curve, monetary policy will affect primarily output
a. True
b. False
Indicate whether the statement is true or false
False
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Situations of negative interest rates on short-term bonds resulted from:
A) high income tax rates B) government regulations requiring financial firms to purchase government bonds C) very low risk premiums D) investors were looking for safe havens when other investments were perceived to be very risky
A closed economy is one in which
A) investment spending is zero. B) government spending is zero. C) there are no imports or exports. D) demand equals supply in every market.
Wikipedia is an example of a:
A. a public good. B. a private good. C. a common resource. D. an artificially scarce resource.
Regarding the production possibilities curve, an improvement in technology will
A. cause a movement downward along the curve B. shift the curve to the right. C. shift the curve o the left. D. cause a movement downward along the curve.