What happens to long-run aggregate supply when there is an increase in the money supply?
a) It increases.
b) It decreases.
c) It stays the same.
d) It fluctuates based on the changes in price levels.
Ans: c) It stays the same.
Economics
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If psychological limitations and other complications cause people to be unable to examine and think through every possible choice available to them and rely instead on rules of thumb, then these individuals exhibit
A) unbounded rationality. B) normative thinking. C) bounded rationality. D) positive thinking.
Economics
Which of these nations has the highest rate of union membership (as a share of total employment)?
A) India B) the United States C) Japan D) Sweden
Economics