The text discusses reason why the AD, SAS and LAS curves shift rightward overtime. If there is inflation, which curve shift rightward at a faster pace?
What will be an ideal response?
aggregate demand
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The capital and financial account is the record of
A) the nation's imports and exports of capital goods. B) foreign investment in the nation minus the nation's investment abroad. C) a nation's international trading, borrowing, and lending. D) changes in the government's holdings of foreign currency. E) payments for imports, receipts for exports, net interest, and net transfers.
A trade-off typically exists between incurring a moral hazard and making an adverse selection
Indicate whether the statement is true or false
When there is a recessionary gap:
a. Unemployment exceeds the natural rate of unemployment. b. Unemployment equals the natural rate of unemployment c. Unemployment is less than the natural rate of unemployment. d. Any of the above is possible.
A improvement in production technology will shift the
a. supply curve to the right. b. supply curve to the left. c. demand curve to the right. d. demand curve to the left.