In the short-run macro model, adjustment toward equilibrium is facilitated by price changes
a. True
b. False
B
Economics
You might also like to view...
The marginal revenue curve of a monopolist is
a. a straight horizontal line. b. above the AR line. c. identical to the AR line. d. below the AR line.
Economics
Inflation tax is
A) the sales tax. B) a tax on nominal goods. C) a special tax introduced in the 1970s to fight inflation. D) the revenue from seigniorage.
Economics
The output gap is
A) the difference between target output and realized output. B) the difference between initial output and final output. C) the difference between market-clearing output and actual output. D) the difference between forecasted output and past output.
Economics
The equation specifying the relationship between the money supply and the price level is
a. P = MV/Q b. P = MQ/V c. P = MV/M d. P = Q/MV e. P = Q/(M + V)
Economics