The Fed can force the banking system to decrease the money supply by tightening monetary policy, but it cannot force the banking system to increase the money supply by loosening monetary policy
a. True
b. False
Indicate whether the statement is true or false
True
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A change in the price level produces a ________ the aggregate demand curve
i. shift in ii. change in the slope of iii. movement along A) i only B) ii only C) iii only D) i and ii E) i and iii
An adverse supply shock will shift short-run aggregate supply
a. right, making prices rise. b. left, making prices rise. c. right, making prices fall. d. left, making prices fall.
The Clayton Act of 1914
A. outlawed all mergers. B. abolished the Sherman Act of 1890. C. outlawed specific business practices that discouraged competition. D. reduced the federal government's antitrust authority.
The focus of firm decisions in the short run is primarily on
A. capital investment. B. variable inputs. C. plant size. D. economies of scale.