If monetary policymakers respond aggressively to current inflation above the target inflation rate, the:
A. dynamic aggregate demand curve would have a steep slope.
B. monetary policy reaction curve would have a positive and steep slope.
C. monetary policy reaction curve would be flat.
D. dynamic aggregate demand curve would shift rightward.
Answer: B
Economics
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When a supply shock is permanent
A) both the long-run and short-run aggregate supply curves shift leftward. B) there are no shifts in either the long-run or short-run aggregate supply curve. C) only the long-run aggregate supply curve shifts leftward. D) only the short-run aggregate supply curve shifts leftward.
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Now, about ____ percent of American married-couple families have two or more wage earners
a. 35 b. 50 c. 60 d. 90
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