Which of the following will NOT shift the short-run aggregate supply (SRAS) curve?
A) a reduction in the price of a raw material B) technological progress
C) a change in the wage rate D) a change in the price level
D
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The opportunity cost of current consumption differs for borrowers and savers only if the interest rate for savers differs from the interest rate for borrowers.
Answer the following statement true (T) or false (F)
The Federal Reserve System functions as America's
a. tax collector. b. stock and bond market. c. savings bank. d. central bank.
The U.S. capital market raises investment finance mainly through
a. Bank loan syndication b. Commercial bank lending c. Related party transactions d. Selling of new shares of stocks and bonds in equity markets e. None of the above
Developing countries have:
A. different normative economic goals than developed countries, because they have much lower per capita incomes. B. different normative economic goals than developed countries, because they have less unemployment. C. the same normative economic goals as developed countries, even though they have much lower per capita incomes. D. different normative economic goals than developed countries, because they have lower inflation.