By looking at the graphs showing the impact of a positive supply shock on aggregate demand and aggregate supply and on the Phillips curve, we can see that a positive supply shock would shift ______.
a. the short-range aggregate supply curve left and the short-run Phillips curve right
b. the short-range aggregate supply curve right and the short-run Phillips curve left
c. both the short-range aggregate supply curve and the short-run Phillips curve right
d. both the short-range aggregate supply curve and the short-run Phillips curve left
b. the short-range aggregate supply curve right and the short-run Phillips curve left
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When the Fed increases the quantity of money, the
A) demand for money curve shifts rightward. B) equilibrium nominal interest rate falls. C) equilibrium nominal interest rate rises. D) supply of money curve shifts leftward. E) demand for money curve shifts leftward.
Beginning in 1970 there was ________ relationship between the household saving rate and the ratio of the net worth to disposable income
A) strong positive B) strong negative C) very weak but positive D) weak but negative