The idea that nominal wages are slow to adjust to changing economic conditions can explain the ________ slope of the short-run aggregate-supply curve.
a) upward
b) downward
c) horizontal
d) vertical
Ans: a) upward
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One goal of international policy coordination is to minimize the effect of
A) international externalities. B) sterilization. C) optimal currency areas. D) monetary autonomy.
In 2006, before the Great Recession, the economy was booming and consumer demand was high, making the:
A. demand for loanable funds increase and shift to the right. B. demand for loanable funds decrease and shift to the left. C. supply of loanable funds increase and shift to the right. D. supply of loanable funds decrease and shift to the left.
Which of the following exchanges handles numerous technology companies including Intel and Microsoft?
a. NASDAQ b. NYSE c. AMEX d. None of the above handle technology stocks.
Which of these is an example of a fiscal policy?
a. Allocation of funds for Social Security programs b. Purchase of foreign securities by the Fed c. Printing of new dollar notes d. Sale of U.S. Treasury bonds in the open market by the Fed