In the long run, what is the only factor that changes if the money supply increases when the economy is at full employment?
a. Employment increases.
b. The RGDP increases.
c. Aggregate supply increases.
d. Price level increases.
d. Price level increases.
Economics
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In 1991, Argentina decided to peg its currency (the Argentinean peso) to the U.S. dollar. Most of Argentina's trading, however, was with Brazil and Europe, not the United States. What result would pegging the Argentinean peso to the U.S
dollar have on the cost of imports from and exports to Brazil and Europe?
Economics
The aggregate supply curve shows the total quantity of output that firms are willing and able to supply at a given inflation rate. This is the same relationship that is shown by the
A) aggregate expenditure curve. B) Phillips curve. C) MP curve. D) IS curve.
Economics