Which of the following would shift the short-run Phillips curve?
a. an negative supply shock
b. an increase in inflationary expectations
c. a decrease in inflationary expectations
d. All of the above.
d
Economics
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If the reserve ratio is 0.9, the money multiplier will be 10
Indicate whether the statement is true or false
Economics
Consider a firm with the following cost and revenue information: ATC = $20, AVC = $10, and P = MR = $30 . If the firm follows the rule to maximize profits, its output level is 3 . Therefore MC equals
a. $20 b. $10 c. $30 d. $90 e. $3
Economics
If the reserve requirement is 10%, and a depositor withdraws $1,000 from a bank, the bank's excess reserves will change by:
a. -1,000 b. +1,000 c. -100 d. -900 e. +900
Economics
What is a price floor and what are its economic effects?
Please provide the best answer for the statement.
Economics