In the "fooling" model, it is assumed that ________ can have inaccurate perceptions of the price level in the economy
A) workers
B) firms
C) workers and firms
D) neither workers nor firms
A
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If the Fed buys U.S. Treasury securities, then this
A) increases reserves, causes banks to reduce their loans, and increases the money supply. B) decreases reserves, causes banks to reduce their loans, and decreases the money supply. C) increases reserves, encourages banks to make more loans, and increases the money supply. D) decreases reserves, causes banks to reduce their loans, and increases the money supply.
One way to derive aggregate demand is by looking at its four component parts, which are
A) consumer expenditures, planned investment spending, government spending, and net exports. B) consumer expenditures, actual investment spending, government spending, and net exports. C) consumer expenditures, planned investment spending, government spending, and gross exports. D) consumer expenditures, planned investment spending, government spending, and taxes.
When producers anticipate that the price of their product will increase in the future
A) the supply curve will shift to the right. B) the supply curve will shift to the left. C) the current production will move along on the supply curve. D) they will immediately lobby Congress to adjust prices now.
Unsold goods are part of the nation's capital stock
a. True b. False