Refer to the above figure. Unexpected expansionary monetary policy has caused the aggregate demand curve to shift to AD2. In the short run
A) the unemployment rate can increase or decrease depending upon how much the LRAS will shift.
B) the unemployment rate will be smaller than the rate before the expansionary monetary policy.
C) the unemployment rate will be larger than the rate before the expansionary monetary policy.
D) the unemployment rate will be the same rate as before the expansionary monetary policy.
B
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In England, a system of established markets, the market overt and fairs, had been established. The purpose was to
(a) provide an organized means for the exchange of produced goods or movable property such as livestock. (b) allow government officials to inspect the quality of the goods and regulate business activities. (c) provide for the legal transfer of title when chattel goods changed hands between buyers and sellers. (d) apply all of the above.
A technological breakthrough lowers the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):
a. upward movement along the demand curve for DVDs. b. rightward shift in the demand curve for DVDs. c. rightward shift in the supply curve for DVDs. d. shortage of DVDs.