The long-run Phillips curve corresponds to the vertical region of the long-run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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The real interest rate is the
a. interest rate corrected for inflation. b. interest rate as usually reported by banks. c. difference between the interest rate charged by banks on the loans they make and the interest rate paid by banks to their depositors. d. difference between the average dividend yield on stocks and the average interest rate on bonds.
The price of good X has a pattern such that P = $3 on Monday through Thursday of every week, and P = $2 on Fridays. If speculators begin participating in the market for good X, their actions will likely lead to a(n) ______________ in the price of good X on Monday through Thursday and a(n) _______________ in the price of good X on Friday
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease