Deflation is an overall:
A. rise in prices in the economy.
B. decline in prices in the economy.
C. rise in prices in the economy, excluding those with historically volatile price changes.
D. decline in prices in the economy, excluding those with historically volatile price changes.
B. decline in prices in the economy.
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If the demand for steak shifts to the left, a likely reason is that
A. the price of cattle feed has risen. B. the price of pork has fallen. C. the price of steak has fallen. D. cattle production has fallen.
If the money prices of resources changes, the LAS curve shifts
Indicate whether the statement is true or false
If the public believes that the commitment to a nominal anchor is not credible, the effect of a positive aggregate demand shock is for ________
A) short-run aggregate supply to shift down B) short-run aggregate supply to remain unchanged C) short-run aggregate supply to shift up D) inflation, but not economic activity, to increase
The demand curve for capital:
a. shows the positive relation between capital usage and the quantity of capital demanded. b. shows the positive relation between aggregate output and the quantity of capital demanded. c. shows the negative relation between rate of inflation and the quantity of capital demanded. d. shows the positive relation between technological change and the quantity of capital demanded. e. shows the negative relation between price of capital and the quantity of capital demanded.