Everything else held constant, when output is ________ the natural rate level, wages will begin to ________, increasing short-run aggregate supply
A) above; fall
B) above; rise
C) below; fall
D) below; rise
C
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Assume the market shares of the six largest firms in an industry are 15 percent each. The six-firm concentration ratio would indicate that the industry is highly concentrated, while the Herfindahl- Hirschman Index would not
Indicate whether the statement is true or false
To maintain free international flows of capital and domestic monetary autonomy, in most of the world today, exchange rates are __________ . One of the major exceptions is ___________
Fill in the blank(s) with the appropriate word(s).
The key to assessing whether fiscal policy is expansionary is to observe the change in the cyclically adjusted budget as a percentage of GDP.
Answer the following statement true (T) or false (F)
Suppose you deposit $5,000 in a bank that pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is:
A. 10 percent. B. 11 percent. C. 10.25 percent. D. 12 percent.