A technological advance... the long-run aggregate supply curve and... the short-run aggregate supply curve
What will be an ideal response?
shifts; shifts
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If inflation in the rest of the world is lower than inflation in Brazil, Brazil's currency (the real) would tend to appreciate
Indicate whether the statement is true or false
Government fiscal policies that attempt to stimulate aggregate demand are often aimed at reducing cyclical unemployment
a. True b. False Indicate whether the statement is true or false
Trade allows each country to take advantage of lower ___________ costs in the other country.
a. replacement b. opportunity c. marginal d. retail
When the Fed buys government securities, it:
A. lowers the cost of borrowing from the Fed, encouraging banks to make loans to the general public. B. raises the cost of borrowing from the Fed, discouraging banks from making loans to the general public. C. increases the amount of excess reserves that banks hold, encouraging them to make loans to the general public. D. increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.