A movement upward along a given aggregate demand curve is equivalent to a(n):
A. Increase in aggregate supply
B. Increase in aggregate demand
C. Upward shift in the aggregate expenditures schedule
D. Downward shift in the aggregate expenditures schedule
D. Downward shift in the aggregate expenditures schedule
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Assume the central bank lowers the discount rate. What is the net effect on the unemployment rate (assume fixed exchange rates)? Answer assuming all the adjustments have worked their way through the macroeconomic system, and it is in equilibrium
a. The unemployment rate rises. b. The unemployment rate falls. c. The unemployment is not affected. d. The change in the unemployment rate depends on the degree of international capital mobility.
A bank can get additional excess reserves by doing any of the following, except:
A. Borrowing from other banks B. Buying Treasury securities from the Fed C. Receiving additional deposits D. Borrowing from the Fed