Other things the same, what happens to the price level and quantity of output when an adverse shift in the short run aggregate supply curve occurs?
Price level increases and output decreases
Economics
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What does "diminishing marginal utility" mean?
What will be an ideal response?
Economics
U.S. reserve requirements
A) are rejected by half the banks operating in the United States. B) show how regulatory asymmetries can operate to enhance the profitability of Eurocurrency trading. C) tend to harm the bank's business and decrease monetary aggregates. D) force banks to hold a portion of its assets in a liquid form easily mobilized to meet sudden deposit outflows. E) remain in place, but capital requirements have begin defaulting.
Economics