Other things equal, the level of real GDP will tend to increase in the short run:
a. if reserve requirements are decreased
b. if the Fed decreases the interest rate it pays on bank reserves
c. if there is an open market purchase by the Fed.
d. all of the above
d
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The United States SRAS curve may shift to the right if we ____________________ Malaysia and the dollar ________________ against the Malaysian ringgit
A) buy raw materials from; appreciates B) buy raw materials from; depreciates C) sell finished goods to; appreciates D) sell finished goods to; depreciates
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.