Microeconomics

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The natural rate of unemployment includes frictional, cyclical, and structural unemployment. a. ... Started by APUS57	1 Replies 136 Views	Jun 30, 2018 by jennafosdick
The nominal cost per unit of output rises when production is pushed beyond an economy's potential ... Started by captainjonesify	1 Replies 41 Views	Jun 30, 2018 by kalskdjl1212
If the actual price level is lower than the expected price level, the economy will contract in the ... Started by littleanan	1 Replies 89 Views	Jun 30, 2018 by miss.ashley
The actual price level is assumed to be constant along a given short-run aggregate supply curve. a. ... Started by tichca	1 Replies 98 Views	Jun 30, 2018 by brbarasa
An expansionary gap generally creates inflationary pressure in an economy. a. True b. False ... Started by cabate	3 Replies 109 Views	Jun 30, 2018 by voltaire123
Actual output can exceed the economy's potential both in the short run and the long run. a. True ... Started by bobbysung	1 Replies 92 Views	Jun 30, 2018 by shewald78
Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP ... Started by 123654777	1 Replies 162 Views	Jun 30, 2018 by kjohnson
If resource prices are flexible, the long-run aggregate supply curve is vertical. a. True b. False ... Started by formula1	1 Replies 105 Views	Jun 30, 2018 by SVictor
Wage rates are typically flexible upward but sticky downward. a. True b. False Indicate whether ... Started by magmichele12	1 Replies 94 Views	Jun 30, 2018 by zacnyjessica
The aggregate demandaggregate supply model shows that closing an expansionary gap involves deflation ... Started by fnuegbu	1 Replies 94 Views	Jun 30, 2018 by Moriaki
If the rate of increase in the price level exceeds the rate of increase in nominal GDP, real GDP ... Started by HudsonKB16	1 Replies 93 Views	Jun 30, 2018 by Qarqy
If the price level increases by 5 percent and the nominal wage increases by 3.5 percent, the real ... Started by SGallaher96	1 Replies 105 Views	Jun 30, 2018 by Anna
A failure in coordination between workers and employers is most likely to cause an expansionary gap. ... Started by Zulu123	3 Replies 143 Views	Jun 30, 2018 by ryansturges
During a particular year, nominal wages increased by 4 percent but real wages declined by 2 percent. ... Started by tth	1 Replies 138 Views	Jun 30, 2018 by mk6555
An adverse supply shock generally decreases the price level and the real GDP. a. True b. False ... Started by D2AR0N	1 Replies 86 Views	Jun 30, 2018 by Viet Thy
An increase in the federal minimum wage will shift the long-run aggregate supply curve to the left. ... Started by D2AR0N	1 Replies 88 Views	Jun 30, 2018 by ktidd
Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward. a. ... Started by dmcintosh	1 Replies 67 Views	Jun 30, 2018 by brbarasa
The international oil price hike by OPEC was an adverse supply shock faced by the U.S. in the 1970s. ... Started by karen	1 Replies 81 Views	Jun 30, 2018 by brittanywood
The longer the unemployment rate remains above the natural rate, the higher the natural rate. This ... Started by BRWH	1 Replies 126 Views	Jun 30, 2018 by bpool94
The higher the interest rate, the greater the preference for liquidity. a. True b. False Indicate ... Started by gbarreiro	1 Replies 97 Views	Jun 30, 2018 by ms_sulzle
The supply of money is depicted as an upward sloping line that depends directly on the interest ... Started by bobbysung	3 Replies 106 Views	Jun 30, 2018 by Pariscourtney
A decrease in the money supply in the short run will cause an increase in planned investment ... Started by tth	1 Replies 84 Views	Jun 30, 2018 by diesoon
An expansionary monetary policy is always capable of boosting aggregate investment. a. True b. ... Started by chandani	1 Replies 74 Views	Jun 30, 2018 by Kimmy
When calculating how much changes in the money supply will change nominal GDP, we use the money ... Started by sarasara	1 Replies 149 Views	Jun 30, 2018 by chreslie
In the long run, increases in the money supply increase the economy's potential output level. a. ... Started by evelyn o bentley	1 Replies 130 Views	Jun 30, 2018 by djofnc