As the capital stock grows and technology improves, we would expect the long-run aggregate supply curve to

In an economic downturn, sticky wages and prices reduce the economy's speed of adjustment because

A) hyperinflation will likely occur. B) businesses are unable to adjust quickly to changes in aggregate demand. C) they cause deflation. D) union workers would likely quit and look for work elsewhere.

Bank panics have largely disappeared in the United States because

A) banks are now required to hold a larger fraction of deposits as reserves. B) of low interest rates. C) bank loans are more closely monitored by the Federal Reserve. D) of deposit insurance.