Long-run aggregate supply will decrease for all of the following reasons EXCEPT
A) reduced money wages.
B) decreased human capital.
C) decrease in the level of full employment.
D) decreased capital.
A
Economics
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If policymakers set a target for unemployment that is too low because it is less than the natural rate of unemployment, this can set the stage for a higher rate of money growth and
A) cost-push inflation. B) demand-pull inflation. C) cost-pull inflation. D) demand-push inflation.
Economics
In the equation of exchange, velocity of money increases when
A. Y increases without any changes in P and M. B. Y falls without any changes in P. C. M increases without any changes in P and Y. D. P falls without any changes in Y and M.
Economics