If the central bank increased the money supply in response to a decrease in short-run aggregate supply, unemployment would return towards its natural rate, but prices would rise even more
a. True
b. False
Indicate whether the statement is true or false
True
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Use the following table shows values of annual real GDP per capita over time. Use it to answer the next question.1810$1,5001860$2,1001910$3,9001960$18,0002010$43,600What was the change in real GDP per capita between 1810 and 2010?
A. $43,600 B. $42,100 C. $69,100 D. $45,100
In the figure above, what is the consumer surplus per day?
A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) zero
Total cost is equal to the
A) sum of the total fixed cost and the total variable cost. B) sum of the average fixed cost and the average variable cost. C) difference between the average variable cost and the average fixed cost. D) product of the marginal cost multiplied by the average total cost.
A demand-pull inflation problem can best be solved by
A. An increase in aggregate demand. B. A reduction in aggregate supply. C. A reduction in desired spending. D. An increase in production of goods and services.