In the monetary intertemporal model, the long-run effects of an increase in the growth rate of money include
A) an increase in output and an increase in the real wage.
B) an increase in output and a decrease in the real wage.
C) a decrease in output and an increase in the real wage.
D) a decrease in output and a decrease in the real wage.
C
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The Federal Reserve Open Market Committee includes the seven members of the Board of Governors, presidents of 5 of the 12 district banks, and the Secretary of the Treasury.
Answer the following statement true (T) or false (F)
The short-run aggregate supply curve (SRAS) is the amount of real GDP: ?
A. produced at various price levels. B. ?produced at various savings rate levels. C. purchased at various price levels. D. ?purchased at various saving rate levels.
Suppose a consumer has determined that her reservation price, R, is $75. The expected benefit of an additional search at this reservation price is $25. Based on this information we can conclude that:
A. this consumer will accept any price below $75. B. search costs are $25 per search. C. search costs are $25 per search, and this consumer will accept any price below $75. D. this consumer will reject any price above $25.
If the price of a fixed factor of production increases by 50 percent, what effect would this have on the marginal-cost schedule facing a firm?
A. None, because fixed costs do not affect marginal cost B. Marginal cost would increase by 50 percent C. Marginal cost would increase by less than 50 percent D. Marginal cost would increase by more than 50 percent