If businesses are optimistic about future sales, the short-run aggregate supply curve will shift leftward
Indicate whether the statement is true or false
False
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Dollar prices and relative prices are both nominal variables
a. True b. False Indicate whether the statement is true or false
One of the reasons primary credit exists is to:
A. provide banks with a low interest source for long-term capital. B. provide banks with an available source for unsecured lending. C. bail out banks which are in financial trouble. D. provide additional reserves when the open market staff's forecasts are off.
The portion of US debt owned by the Federal Reserve
A. dropped quickly from 2010 to 2015, from a peak in 2010. B. dropped to an all-time low in 2015. C. rose from around 6% to around 12% as a result of the Great Recession. D. continues to rise.
The equation total production = total income = total expenditure is called
A. the total identity. B. Say's Law. C. the fundamental identity of national income accounting. D. the goods-market equilibrium condition.