At a higher nominal interest rate, the demand for money decreases
a. True
b. False
Indicate whether the statement is true or false
False
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Under the natural rate hypothesis, expansionary monetary and fiscal policies can at best produce a:
a. permanent change in the unemployment rate. b. short-run change in the unemployment rate. c. permanent change in the inflation rate. d. short-run change in the long-run Phillips curve.
Given the cost function C(Y) = 6Y2, what is the marginal cost?
A. 12Y B. 6Y C. Y2 D. 3Y
The price elasticity of supply is higher when
A) the number of producers in the market increases over time. B) the product in question is a complementary good. C) the number of buyers in the market increases. D) producers have less time to adjust to price changes.
The potential output of a country would increase as a result of each of the following, except:
A. technological innovation that increases labor productivity. B. depreciation of the capital stock. C. an increase in population. D. an increase in capital per worker.