A ________is a concept that describes the relationship between changes in output to different amounts of a single input while other inputs are held constant.

A rightward shift of aggregate demand will raise output only if

A) wages remain unchanged. B) wages rise by a lower percentage than prices. C) wages rise by the same percentage as prices. D) wages rise by a greater percentage than prices.

A reverse repurchase agreement of government securities by the Fed

A) permanently increases bank reserves. B) temporarily increases bank reserves. C) permanently reduces bank reserves. D) temporarily reduces bank reserves.