Just as the aggregate-demand curve slopes downward only in the short run, the trade-off between inflation and unemployment holds only in the long run
a. True
b. False
Indicate whether the statement is true or false
False
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The Federal Reserve discount rate is the rate of interest charged on loans from ________ to ________.
A. the U.S. Treasury; commercial banks B. commercial banks; the Federal Reserve C. the Federal Reserve; commercial banks D. the Federal Reserve; the U.S. Treasury
Refer to Figure 26-1. In the figure, the money demand curve would move from Money demand1 to Money demand2 if
A) the interest rate increased. B) the price level decreased. C) real GDP increased. D) the Federal Reserve sold Treasury securities.
Historically, high-income countries have been the primary contributors to the greenhouse gases that cause global warming. Who are the primary contributors today?
a. Low-income countries b. Developing countries c. Middle-income countries d. High-income countries
A compensating differential refers to differences in pay due to
a. productivity levels of workers. b. signaling differences of workers. c. nonmonetary characteristics of jobs. d. All of the above are correct.