If wages do not instantaneously adjust to reflect expected inflation that is based on an anticipated increase in the money supply,
A) the aggregate demand and positively sloped aggregate supply curve shift to the right at the same time.
B) the positively sloping aggregate supply curve shifts to the left after the aggregate demand curve shifts to the right.
C) the positively sloping aggregate supply curve shifts to the left before the aggregate demand curve shifts to the right.
D) the positively sloping aggregate supply curve does not shift to the right at the same time as the aggregate demand curve shifts to the left.
B
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China's initial economic reforms were in which sector?
A) Manufacturing B) Infrastructure C) Agriculture D) Mining
Choice architects know that whether something feels like a loss or gain often depends on how:
A. it is framed. B. often the decision is made. C. it is structured in terms of time to make the decision. D. large the outcome is.
Foreign investment can be economically beneficial for all of the following reasons except:
A. increases the GDP of the host country by giving it access to additional resources. B. increases the GDP of the investing country by providing it with ways to earn higher returns on its capital. C. makes the world a more efficient place by moving capital from places with low returns to places with high returns. D. it always leads to a higher interest rate.
The federal funds market is the market where
a. the federal government borrows money from banks to finance the national debt b. the federal government lends money to commercial banks c. banks borrow from and lend to each other for short periods of time d. banks borrow money from the Fed for short periods of time e. banks buy bonds from the Treasury for long periods of time, typically 10-year bonds