.An unanticipated shift to a more restrictive monetary policy by the Fed will result in which of the following?
What will be an ideal response?
An increase in interest rates and, thereby, reduced investment, current consumption, and aggregate demand.
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Use the following table to answer the question below. Jane's Production Possibilities SchedulePounds of Green BeansPounds of Corn08020604040602080 0If Jane produces 40 pounds of green beans, she can produce ________ pounds of corn.
A. 40 B. 60 C. 0 D. 20
The long-run adjustment to a negative supply shock results in
A) the price level rising. B) the short-run aggregate supply curve shifting to the right. C) workers being willing to accept higher wages. D) unemployment rising.
The aggregate demand curve is the total quantity of an economy's
A) intermediate goods demanded at different inflation rates. B) intermediate goods demanded at a particular inflation rate. C) final goods and services demanded at a particular inflation rate. D) final goods and services demanded at different inflation rates.
If a linear supply curve has a zero intercept, the elasticity of supply is always unitary
What will be an ideal response?