Asymmetric information problems are worse the __________ the borrowing firm, since there is __________ publicly available information about those firms

Movement along the aggregate expenditure line is caused by a change in the level of income

a. True b. False Indicate whether the statement is true or false

Which of the following is correct concerning the long-run Phillips curve?

a. Its position is determined primarily by monetary factors. b. If it shifts right, long-run aggregate supply shifts right. c. It cannot be changed by any government policy. d. Its position depends on the natural rate of unemployment.