Exports as a function of national income show how exports change with the level of a country's gross national product

When the Fed buys or sells securities, it is conducting ________ operation

A) a deposit B) a currency C) a government debt D) an open market E) a money multiplier

After a positive demand shock, what are the expected long-run adjustments?

a. Wages fall, price level falls, and output falls back to potential. b. Wages rise, price level rises, and output falls back to potential. c. Wages fall, price level rises, and output rises back to potential. d. Wages rise, price level falls, and output falls back to potential. e. Wages rise, price level rises, and output rises.