For movements along the short-run aggregate supply curve
A) the money wage rate is constant.
B) the real wage rate changes.
C) potential GDP remains constant.
D) All of the above are correct.
D
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If Bulge Bank has a desired reserve ratio of 10 percent, loans of $25,000, deposits of $100,000, vault cash of $10,000, and reserves at the Fed of $65,000, then the bank
A) has no remaining capacity to make loans. B) does not have enough reserves to meet its requirement. C) has excess reserves of $65,000. D) has excess reserves of $55,000. E) has excess reserves of $75,000.
Under the current managed float exchange rate regime, countries with ________ in their balance of payments frequently do not want to see their currencies ________ because it makes their goods more expensive abroad and foreign goods cheaper in their
countries. A) surpluses; depreciate B) deficits; depreciate C) surpluses; appreciate D) deficits; appreciate
If price were $170, there would be a _____ (shortage or surplus) of _____.
Commercial paper refers to:
A. short-term collateralized securities issued only by corporations. B. unsecured short-term debt issued by corporations and governments. C. any debt security with a maturity exceeding one year. D. the financial publications read by the CEO's of public corporations.