The long run aggregate supply curve (LRAS) also represents
A. the full-employment level of output.
B. the full-adjustment level of output.
C. the full-information level of output.
D. all of these.
Answer: D
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When the interest rate falls in the money market, the quantity of money demanded ________ and the quantity of money supplied ________
A) increases; decreases B) decreases; increases C) stays the same; decreases D) increases; stays the same
Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is $100. Which of the following represents his budget constraint?
A) 500 = 2F + 100S B) F = 250 - 50S C) S = 5 - .02F D) All of the above.
Does the raising of reserve requirements automatically decrease the money supply? Why or why not?
What will be an ideal response?
If the current €/$ exchange rate is at parity, then the Euro price of a Hollister hoody costing US$125 is:
(a) €155; (b) €165; (c) €125; (d) We need more information to calculate the Euro price.