How are the effects of the financial crisis shown using the Phillips curve diagram?
As a move down along the short-run Phillips curve.
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The relationship between the level of prices and total quantity of goods and services producers are willing to supply is represented by the
A) aggregate supply curve. B) aggregate demand curve. C) sticky price curve. D) GDP multiplier.
The quantity of items circulating in the economy that can be used as money is called
A) representative commodity money. B) the money supply. C) commodity money. D) fiat money.
All of the following are steps involved in basic currency swaps EXCEPT
A) counterparties exchange the net interest at the end of the swap. B) the parties exchange principals in two currencies. C) the parties exchange periodic interest payments over the life of the agreement. D) the parties exchange the principal amount at the end of the agreement.
Cutthroat competition is on the opposite end of the competitive spectrum from
A. covert collusion. B. price leadership. C. open collusion. D. cartels.