Which of the following will most likely accompany an unanticipated increase in short-run aggregate supply?
a. an increase in real GDP
b. an increase in the general level of prices
c. an increase in the actual rate of unemployment
d. an increase in the natural rate of unemployment
A
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The security provided by the federal government on money in banks is called
A) deposit insurance. B) a hedge fund. C) Social Security. D) investment equity.
An increase in the inflation rate of one country relative to another country will probably cause
A) an increase in exports for the inflating country. B) a balance of trade deficit for the inflating country. C) a current account surplus for the inflating country. D) an increase in the amount of official reserves held by the inflating country's central bank.
Refer to the data. If year 2 is chosen for the base year, in year 3 nominal GDP and real GDP, respectively, are:
Assume an economy that is producing only one product. Output and price data for a three-year period are as follows. Answer the question on the basis of these data.
A. $180 and $30.
B. $30 and $5.
C. $180 and $120.
D. $120 and $100.
In the Case in Point on campus parking, the implication was that existing prices for parking spaces on university campuses are generally:
A) too high. B) too low. C) about right. D) unconscionable.