Moving along which curve does the money wage rate and the price level change in the same proportions?
What will be an ideal response?
the LAS curve
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The FOMC "Statement on Long-Run Goals and Monetary Policy Strategy"made it clear that the Federal Reserve would be pursuing ________, consistent with its dual mandate
A) a flexible form of inflation targeting B) a strict form of inflation targeting C) a zero inflation targeting D) an implicit inflation targeting
In the RBC model, an adverse supply shock causes the decrease in natural real GDP to be maximized when the labor supply curve is
A) relatively steep. B) relatively flat. C) vertical. D) horizontal.
Banks act as an intermediary between savers and borrowers by determining the:
A. price at which the quantity of funds saved will be equal to the quantity invested. B. quantity of funds that will be saved depending on the price. C. quantity of funds that will be borrowed, for any given quantity of savings. D. price at which the quantity of funds saved will be more than enough for those who want to borrow.
Which of the following are examples of intellectual property?
a. stocks and bonds b. houses, land, factories c. clothing and jewelry d. books, music, movies