Looking only at the asset market, an increase in output would cause
A) the LM curve to shift down and to the right.
B) the LM curve to shift up and to the left.
C) an increase in the real interest rate along the LM curve.
D) a decrease in the real interest rate along the LM curve.
C
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In colonial America, the average wage laborer
(a) received health care benefits, over-time pay and injury compensation. They also worked in safe and healthy environments. (b) achieved a standard of living significantly higher than those standards realized throughout the world. (c) possessed few labor rights, privileges and protections, while being denied the right to vote or organize. (d) had a higher standard of living than workers in Europe but lower health standards because of the rural, isolated conditions of colonial living.
If the short-run aggregate supply curve is positively sloped and the Fed increases the money supply, aggregate demand: a. falls, which increases real GDP and the price level
b. increases, which decreases real GDP and the price level. c. falls, which decreases real GDP and increases the price level. d. increases, which decreases real GDP and increases the price level. e. increases, which increases real GDP and the price level.