The neoclassical view is not especially helpful in explaining why __________ moves up and down over short time horizons of a few years.
a. demand
b. unemployment
c. prices
d. inflation
b. unemployment
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Which of the following has a currency board?
A) Hong Kong B) The United States C) Mexico D) China
Beyond the Fed's immediate control, a wave of pessimistic economic forecasts in the banking industry can effectively ________ e and thus ________ the money supply
A) raise, raise B) raise, reduce C) reduce, raise D) reduce, reduce
A demand curve is downward-sloping because as the price of a good falls, demanders will substitute some other good for that good whose price has fallen.
Answer the following statement true (T) or false (F)
An industry with a positive-sloping long-run supply curve is called a(n) ________ industry.
A. decreasing-profit B. decreasing-cost C. increasing-cost D. constant-cost