Banks will never hold any additional reserves beyond what is required

Economists measure opportunity cost

A) as equal to the sum of all the sunk costs. B) only when it is on the margin. C) as the best thing given u

Suppose the economy is producing at the natural rate of output

Assuming a fixed natural rate of output and everything else held constant, the development of a new, more productive technology will cause ________ in the unemployment rate in the short run and ________ in inflation in the short run. A) an increase; an increase B) a decrease; a decrease C) a decrease; an increase D) no change; no change