A shift outward of the aggregate supply curve could be caused by
a. higher import prices.
b. lower import prices.
c. energy shortages.
d. rising wage rates.
b
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Which of the following correctly describes what the Fed used as monetary targets in the past?
A) The Fed used M1 and M2 as targets after 1993. B) After 1980 and before the 1990s, the Fed focused on interest rate targets. C) The Fed focused on M1 as a target after deregulation of the financial markets. D) The Fed increased its reliance on interest rate targets since the mid-1990s.
In Table 13-1, the Federal Reserve System has
a. sold $10 million in government securities to banks, taking payment in cash. b. sold $10 million in government securities to banks, taking payment from the bank's reserves. c. purchased $10 million in government securities from banks, paying for them with increases in banks' reserves. d. purchased $10 million in government securities from banks, paying for them with new Federal Reserve notes.
Monetary policy involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing in an economy
a. True b. False Indicate whether the statement is true or false
From 2008 to 2014, the Fed engage in ________ round(s) of quantitative easing.
A. 1 B. 2 C. 3 D. 4