When the economy's actual price level exceeds the expected price level in the short run, _____
Fill in the blank(s) with the appropriate word(s).
the nominal wages of workers decline.
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If 
j, an unbiased estimator of 
j, is consistent, then the:
A. distribution of 
j becomes more and more loosely distributed around 
j as the sample size grows.
B. distribution of 
j becomes more and more tightly distributed around 
j as the sample size grows.
C. distribution of 
j tends toward a standard normal distribution as the sample size grows.
D. distribution of 
j remains unaffected as the sample size grows.
The primary tool used to change the US money supply and interest rates is open market operations
a. true b. false
A rise in interest rates will cause
A. Investment spending to remain constant. B. A decline in investment spending. C. A rise in investment spending. D. Investment spending to be eliminated from the economy.
An effluent fee is an example of
A. a government policy to promote the production of a product with an external benefit. B. a government policy to correct for an external cost. C. a government policy to promote the production of a product with an external cost. D. a government policy to correct for an external benefit.