Suppose ATM costs increased because of additional security required to prevent electronic fraud. Explain how this would affect money demand, aggregate demand, output, and the price level in the short run and the long run.
What will be an ideal response?
The increase in ATM costs would lead people to go to the ATM less often, thus increasing money demand. Assuming the Fed did not increase the money supply in response, the increase in money demand would raise interest rates, thus leading to a decline in aggregate demand and shifting the AD curve to the left. In the short run, output and the price level both decline. Over time, the SRAS curve will shift right to restore long-run equilibrium, reducing the price level further and increasing output back to its full-employment level.
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What will be an ideal response?
The three key types of resources that are central to the resource-based view of the firm are
A. tangible resources, intangible resources, and organizational capabilities. B. tangible resources, intangible resources, and top management. C. tangible resources, intangible resources, and organizational structure. D. culture, tangible resources, intangible resources.
Productivity is calculated as ______.
a. output divided by input b. input divided by output c. output times input d. input plus output
A nonprofessional trait is
a. controlling of temper. b. recognizing organizational structure. c. using vulgar language to get attention and make a point. d. talking with others about your good qualities.