According to modern Keynesian analysis, an increase in aggregate demand leads to a higher price level because the
A) aggregate demand curve is upward sloping.
B) short-run aggregate supply curve is upward sloping.
C) aggregate demand curve is upward horizontal.
D) short-run aggregate supply curve is vertical.
B
Economics
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The interest rate that commercial banks charge each other for loans of reserves to meet their minimum reserve requirements is called:
A) treasury bill rate. B) federal funds rate. C) prime interest rate. D) none of the above.
Economics
The Asian Infrastructure Investment Bank (AIIB)
A) has been very effective in reaching its goals. B) lends only to Chinese businesses. C) is as large as the IMF. D) provides financing to developing countries.
Economics