Which of the following will shift out to the right as productivity increases?
a. Aggregate demand curve
b. Aggregate supply curve
c. Demand curve
d. Supply curve
b. Aggregate supply curve
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Under the monetary approach to the exchange rate
A) an interest rate decrease is associated with higher expected inflation and a currency that will be weaker on all future dates. B) an interest rate increase is associated with higher expected deflation and a currency that will be weaker on all future dates. C) an interest rate increase is associated with higher expected inflation and a currency that will be strengthened on all future dates. D) an interest rate increase is associated with higher expected deflation and a currency that will be strengthened on all future dates. E) an interest rate increase is associated with higher expected inflation and a currency that will be weaker on all future dates.
The short-run aggregate supply curve: a. Is a schedule showing the relationship between the price level and the quantity of real GDP supplied. b. Is typically upward sloping
c. reflects output prices changing relative to input prices. d. all of the above
The mathematical equation: quantity of output supplied = natural rate of output + a(actual price level - expected price level), expresses
a. how the long run equilibrium adjusts to changes in money supply. b. how output deviates in the short run from its long run natural rate. c. how the short run aggregate supply curve shifts. d. how adverse shifts in aggregate supply can cause stagflation.
How many people does it take to make an ordinary no. 2 pencil?
A) One person B) Between one and five people C) Less than one hundred people D) Millions of people