Actual investment spending does not include
a. spending on consumer durable goods.
b. spending on new capital equipment.
c. spending on new houses.
d. changes in inventories.
a. spending on consumer durable goods.
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The fraction of deposits that banks are required to keep is known as the
A) discount rate. B) required reserve ratio. C) deposit multiplier. D) money multiplier.
If firms and workers have adaptive expectations, what impact will expansionary monetary policy have on inflation, unemployment, and the Phillips curve?
What will be an ideal response?
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The perfectly competitive seller's short-run supply curve is
A) its entire marginal cost curve. B) its marginal revenue curve. C) the part of its marginal cost curve above the average variable cost curve. D) the part of its marginal cost curve above the average total cost curve.