The AD curve shifts to the right when
a. the Fed alters its fiscal policy rules
b. any economic shock disrupts the economy
c. the AS curve does not shift
d. new trade legislation is passed
e. positive demand shocks occur
E
Economics
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Labor productivity is commonly measured as
A) the number of workers divided by real GDP. B) the change in real GDP divided by change in number of workers. C) nominal GDP divided by number of workers. D) real GDP divided by number of workers.
Economics
Which of the following statements is false?
A) The Fed serves as the lender of last resort for banks. B) The Fed serves as a fiscal agent for the U.S. Treasury. C) A major responsibility of the Fed is to control the nation's money supply. D) The federal government is the Fed's banker.
Economics