The actual price level is assumed to be constant along a given short-run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
False
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Attempts by a central bank to increase bank deposits without a decrease in nominal short-term interest rates are referred to as ________
A) quantitative easing B) credit channeling C) open market operations D) liquidity provision
Whatever specific form it takes, the excise tax is regressive
Indicate whether the statement is true or false
Refer to Figure 8.2. Which graph illustrates an output expansion path with a constant capital-labor ratio?
A. A
B. B
C. C
D. D
If the price of gasoline rose 50% during a period in which the general price level rose 100%, economic theory would predict Select one:
A) a decline in the quantity of gasoline demanded.
B) an increase in the quantity of gasoline demanded.
C) a decrease in the demand for gasoline.
D) an increase in the supply of gasoline.
E) less driving by motorists.