If the current macroequilibrium is below an output level of that associated with full employment, how would the current equilibrium be impacted by a rightward shift of the aggregate supply curve, ceteris paribus?
A. A higher price level and a lower level of output.
B. A lower price level and a higher level of output.
C. A recession or depression.
D. A higher price level and a higher level of output.
Answer: B
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Unemployment rates in the U.S. are generally:
a. higher than in Europe b. lower than in Europe c. about the same asin Europe d. there are no unemployed in Europe
The present value of $1 received n years from now is found by dividing 1 by _______.
Fill in the blank(s) with the appropriate word(s).
Based on purchasing power parity (PPP) and the quantity theory of money, everything else remaining unchanged, if Japan's real income rises relative to real income in the United States, there would be
A. a decrease in the demand for yen in the foreign exchange market. B. an appreciation of the dollar. C. an appreciation of the yen. D. uncovered interest rate parity.
Refer to the scenario above. What is the expected value of the game?
A) $20 B) $50 C) $100 D) $300