If policymakers deem inflation as being too high, then the policy response should be monetary ________, which shifts aggregate demand ________.
A. easing; right
B. easing; a left
C. tightening; right
D. tightening; left
Answer: D
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A decrease in efficiency would shift the long-run aggregate supply curve:
A) rightward. B) leftward. C) no shift. D) none of the above.
After an oil price shock, which of the following would move unemployment back towards its natural rate?
a. the Fed sells bonds b. the government raises taxes c. the government increases expenditures d. All of the above are correct.
The beta for an asset considered to be risk-free:
A. can be any positive number. B. is negative. C. equals zero. D. equals 1.
The greater the number of segments the seller can identify in the market, the more distinct prices it can charge
a. True b. False Indicate whether the statement is true or false