The aggregate demand curve is downward sloping because a higher inflation rate leads the central bank to ________ real interest rates, thereby ________ the level of equilibrium aggregate output., everything else held constant

If a rent ceiling is set below the equilibrium price, thus creating a ________, housing may be allocated by increasing search activity or creating a ________

A) shortage; black market B) shortage; free market C) surplus; black market D) surplus; open market E) surplus; free market

When you are selecting a new location for a second office this decision would be considered

a. hard b. programmed c. nonprogrammed d. geocentric