Which of the following will always be true when an economy is in long-run equilibrium?
What will be an ideal response?
The output of the economy will correspond with the full-employment output.
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If two variables have the same rate of growth over the long run, their ratio will:
A) remain constant over the long run. B) initially decrease and then increase. C) decrease over the long run. D) increase over the long run.
The Monetary Control Act of 1980 extended the Fed's authority to
The goal of expansionary monetary policy is to:
A. reduce interest rates to slow down the economy. B. increase interest rates to slow down the economy. C. increase interest rates to stimulate the economy. D. reduce interest rates to stimulate the economy.
An appreciation of the Japanese yen would shift the Japanese aggregate demand curve inward.
Answer the following statement true (T) or false (F)