The short-run aggregate supply curve shows that a change in inflation will cause (a) change(s) in ________
A) output
B) potential output
C) expected inflation
D) price shocks
E) all of the above
C
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When net capital flows are positive
A) net foreign investment is negative. B) capital inflows are greater than capital outflows. C) capital outflows are greater than capital inflows. D) A and B are both correct.
A union shop exists when the
a. employer is only permitted to hire union members b. union is the owner of the firm c. union members are not allowed to be hired d. employer can hire nonunion workers, but the workers must join the union within a certain time period e. only stockholders in the firm are also employees
What is the change in the money supply when the Fed purchases $100 worth of bonds in a 100-percent-reserve banking system?
Other things the same, if prices fell when firms and workers were expecting them to rise, then
a. employment and production would rise. b. employment would rise and production would fall. c. employment would fall and production would rise. d. employment and production would fall.