An increase in price expectations in the Keynesian model will shift
a. labor demand and aggregate supply to the left.
b. labor demand to the left and aggregate supply to the right..
c. labor demand and aggregate demand to the right.
d. labor supply and aggregate supply to the left.
e. labor supply to the right and aggregate supply to the left.
D
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In the long run, according to Monetarists
a. the natural rates of output and employment depend on factor supplies. b. the natural rates of output and employment depend on technology. c. the influence of the money stock is mainly on the price level and other nominal variables. d. All of the above
Which of the following benefits is counted as income when the official poverty rate is calculated?
a. Medicaid benefits b. food stamps c. public housing benefits d. none of the above e. all of the above
Which of the following does not explain the rise in income inequality in the United States from 1970 to 2011?
a. Changes in technology. b. An increase in minimum wages. c. A reduction in the demand for unskilled labor. d. Increased international trade with low-wage countries.
The above table presents the balance sheet of the TBK commercial bank. What is this bank's actual reserve ratio?
A) 50 percent B) 12 percent C) 20 percent D) 17.14 percent