If self-correction causes prices to fall less than nominal wages, both output and real wages will decrease

Refer to the above table. The value of M1 is

A) $910 billion. B) $2,560 billion. C) $860 billion. D) $1,360 billion.

In a move to increase its openness, the Fed has consistently increased the amount of information available to the public. According to the new classical model, the Phillips curve the Fed faces should become more:

a. horizontal. b. very steep. c. vertical. d. unstable.