If a bank has ________ rate-sensitive assets than liabilities, a ________ in interest rates will reduce bank profits, while a ________ in interest rates will raise bank profits

When we use the specificfactors model to study immigration, we assume that:

a. land is immobile internationally but capital and labor are internationally mobile. b. land and capital are immobile internationally but labor is internationally mobile. c. land, labor, and capital are internationally mobile. d. land, labor, and capital are internationally immobile.

What is the current equilibrium price level and real GDP for the economy illustrated in the figure above? Does this economy have an inflationary gap, a recessionary gap, or neither? As it adjusts toward full employment, which curve shifts?

What is the equilibrium real GDP and price level that the economy will ultimately reach?