The slope of a nonlinear curve is ________ when the curve is rising, and ________ when the curve is falling
A) negative, positive
B) negative, negative
C) positive, negative
D) positive, positive
C
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If monetary equilibrium were to occur
A) inflation would not occur. B) deflation would not occur. C) the price level would be stable. D) all of the above would be true. E) none of the above would be true.
Suppose an economy originally in long-run equilibrium experiences a decrease in aggregate demand. According to the classical model
A) real Gross Domestic Product (GDP) will not change but the price level will fall. B) real Gross Domestic Product (GDP) will fall, and then the price level will fall also. C) the price level will not change but real Gross Domestic Product (GDP) will fall. D) real Gross Domestic Product (GDP) will fall, wages will fall, but the prices of goods and services will stay the same.
GDP in 2015 would not include the resale of a house built in 2000.
Answer the following statement true (T) or false (F)
When the Federal Reserve sells bonds, what is likely to happen to interest rates?
a) They will decrease. b) They will increase. c) They will not change. d) They will fall to zero.