Because people are more willing to trade away goods that they have in abundance and less willing to trade away goods of which they have little, indifference curves are ___________

Exhibit 14A-2 Macro AD-AS Model In Exhibit 14A-2, the long-run aggregate supply curve represents:

A. potential real GDP output for this economy. B.  that the economy is experiencing zero inflation. C. that the economy is experiencing technological change. D. the level of real GDP where the unemployment rate is zero.

If the Fed sells government securities on the open market, this will cause _____ in the quantity of money available and _____ in the interest rate.

A. an increase; an increase B. a decrease; an increase C. an increase; a decrease D. a decrease; a decrease