As real GDP per year increases along the short-run aggregate supply (SRAS) curve, the SRAS curve
A) becomes increasingly steep.
B) begins to level out.
C) shifts inward.
D) does not change.
A
Economics
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A policy aimed at promoting the development of specific industries within a country that may increase domestic welfare through trade with the rest of the world is known as a(n):
A) infant-industry policy. B) key-industry policy. C) strategic trade policy. D) welfare-trade policy.
Economics
The discount rate
A) is determined by markets forces of demand and supply in the market for bank reserves. B) is set by the Board of Governors. C) is determined by investment banks. D) is determined by market forces of demand and supply in the credit market.
Economics