Which of the following would increase the price level?
a. an increase in the money supply.
b. an increase in taxes.
c. a decrease in the expected price level.
d. a decrease in the natural rate of unemployment.
a
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A regulated firm is _________, but has no __________
a. a monopolist; control over prices b. privately owned; control over prices c. privately owned; board of directors d. a monopolist; board of directors e. fully autonomous; board of directors
The anticipated inflation rate is an important component of the nominal interest rate
a. True b. False Indicate whether the statement is true or false
An increase in supply is represented by a
a. movement downward and to the left along a supply curve. b. movement upward and to the right along a supply curve. c. rightward shift of a supply curve. d. leftward shift of a supply curve.
A situation in which each firm chooses the best strategy given the strategies chosen by other firms is called a
A) Nash equilibrium. B) dominant strategy. C) collusion. D) payoff matrix.