The buying and selling of government bonds by the Fed is known as
a. open market operations
b. federal bond operations
c. treasury bond operations
d. open bonds operations
e. discount rate operations
A
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There is a distinction between the long-run aggregate supply (LRAS) curve and the short-run aggregate supply (SRAS) curve. In the long run
A) the aggregate supply curve is horizontal, while in the short run it is upward sloping. B) all adjustments to changes in the price level have been made, but in the short run all changes in the price level do not occur. C) technology is fixed, but not in the short run. D) the price level is constant in the long run, but fluctuates in the short run.
Refer to Figure 13.2. The technical name given to Alice, based on her position in the figure, is the
A) election moderator. B) median voter. C) irrelevant alternative. D) strategic voter.
Reaching a positive-positive outcome through a commitment strategy:
A. will only benefit the players and will not serve public interest. B. can benefit everyone. C. will always benefit everyone. D. will not benefit anyone.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward