Refer to the graph above. Ongoing inflation would occur if the Fed:
A. Increases the money supply causing AD to shift faster than technological progress shifts AS
B. Increases the money supply causing AD to shift slower than technological progress shifts AS
C. Increases the money supply causing AD to shift as fast as technological progress shifts AS
D. Does not increase the money supply while technological progress is shifting AS
A. Increases the money supply causing AD to shift faster than technological progress shifts AS
You might also like to view...
The current chairman of the Federal Reserve System is
A) Ben Bernanke. B) Alan Greenspan. C) President Obama. D) Janet Yellen.
Today, the earth has ________ of all of the species that have ever lived
A) less than 1 percent B) about 50 percent C) about 99 percent D) 100 percent
If the interest rate is 10 percent, the net present value of $500 to be received one year from now is
a. $413.22. b. $450. c. $454.55. d. $500.
Monopolists are price ______.
a. makers b. takers c. followers d. ignorers