If the aggregate supply curve is positively sloped, an increase in the money supply will result in an increase in both equilibrium national income and the equilibrium price level
a. True
b. False
Indicate whether the statement is true or false
True
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The risk premium is negative when tastes are risk averse.
Answer the following statement true (T) or false (F)
From the table above, which gives data about the U.S. labor market in 1933, the unemployment rate is
A) 2 percent. B) 18 percent. C) 20 percent. D) 25 percent. E) 35 percent.
A perfectly competitive market is in long-run equilibrium. Then demand decreases. The decrease in demand leads to
A) a rise in the price in the short run. B) the firms' incurring an economic loss in the short run. C) firms entering the market in the long run. D) none of the above
An economy doubles in size every 35 years if it maintains a steady annual growth rate of about __________ percent
A) 4.0 B) 2.8 C) 3.5 D) 2.0