On a graph showing the aggregate demand and aggregate supply curves, stagflation can be represented by a:
a. leftward shift of the aggregate supply curve
b. rightward shift of the aggregate supply curve.
c. upward movement along the aggregate supply curve.
d. rightward shift of the aggregate demand curve.
e. upward movement along the aggregate demand curve.
a
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The new Keynesian model has ________ in common with the real business cycle model
A) wage and price stickiness B) a theory of aggregate demand C) procyclical inflation D) a microeconomic foundation
The number of standard deviations z that a particular value of r is from the mean ? can be computed as z = (r - ?)/ ?. Suppose that you work as a commission-only insurance agent earning $1,000 per week on average. Suppose that your standard deviation of weekly earnings is $500 . What is the probability that you earn zero in a week? Use the following brief z-table to help with this problem. Z
value Probability -3 .0013 -2 .0228 -1 .1587 0 .5000 a. 1.3% chance of earning nothing in a week b. 2.28% chance of earning nothing in a week c. 15.87% chance of earning nothing in a week d. 50% chance of earning nothing in a week e. none of the above