The short-run aggregate supply (SRAS) curve represents the relationship between
A. the price level and the real Gross Domestic Product (GDP) without full adjustment or full information.
B. the price level and the nominal Gross Domestic Product (GDP).
C. the price level and the real Gross Domestic Product (GDP) without full adjustment but with full information.
D. the decisions of producers and the decisions of consumers.
Answer: A
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Before 2008, money market mutual funds and hedge funds had been out of Fed's scope and control because they did not rely on customer deposits
a. True b. False Indicate whether the statement is true or false
Refer to Figure a. Assuming the solid line in the graph is a constant expected consumption line where ? (the probability of state S) = 0.50, which constant expected consumption line reflects an increase in ??
A. The dotted line
B. The dashed line
C. An increase in ? does not result in a change in the expected consumption line.
D. A change in ? results in a parallel shift in the expected consumption line, so neither the dotted nor the dashed line reflects this change.
Compare a property rights system in which people are allowed to keep one-third of the monetary rewards of their labor with a system in which they keep two-thirds. We should expect more entrepreneurship under the __________ system and faster real economic growth under the __________ system
A) former; former B) former; latter C) latter; former D) latter; latter
In a market economy, the _______ determines who gets the goods and services produced.
a) Magical hand b) Government c) Market mechanism d) Stock market