The United States has not experienced a recession as severe as the 2007-2009 downturn since the 1930s
a. True
b. False
Indicate whether the statement is true or false
True
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The government's profit from issuing fiat money is known as
A) seigniorage. B) menu costs. C) commodity profit. D) tax distortions.
Which of the following will most likely increase aggregate supply in the long run?
a. unfavorable weather conditions in agricultural areas b. an increase in the expected inflation rate c. higher real interest rates d. an increase in the rate of capital formation
Money held for precautionary reasons is included in the demand for money:
A. partly as transactions demand and partly as portfolio demand. B. as a third, separate category called the precautionary demand for money. C. as part of portfolio demand. D. as part of transactions demand.
Refer to the following graph. The price of labor is $3 per unit:
What is the price per unit of capital?
A. $2.00 B. $5.00 C. $1.50 D. $2.10