Federal Reserve policy makers argue about whether productivity is increasing faster than it has in the past. If productivity is growing faster than anticipated, they would expect the:
A. short-run aggregate supply curve to be shifting down (to the right).
B. aggregate demand curve to be shifting to the left.
C. short-run aggregate supply curve to be shifting up (to the left).
D. aggregate demand curve to be shifting to the right.
Answer: A
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If the owners of different types of resources, which are combined to produce an output, agree on organizational relationships that define their responsibilities toward one another they have formed a _____
a. group b. company c. distribution network d. team
If the Fed wants to lower the interest rate, it will
a. buy bonds and decrease the money supply. b. buy bonds and increase the money supply. c. sell bonds and decrease the money supply. d. sell bonds and increase the money supply. e. sell bonds and decrease money demand.
Figure 34-9
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In Figure 34-9, Pestoland exports pasta to Pastaland. Equilibrium will occur when
A. points E and B are reached simultaneously. B. either E or B is reached. C. exports equal imports. D. exports are maximized.
Which of the following pairs of nations received the most remittances from their emigrants in 2011?
A. Mexico and Egypt. B. China and India. C. Pakistan and Iran. D. Vietnam and Thailand.