Aggregate supply increases when:
a. wage rates decrease while the economy's price level remains unchanged.
b. resource availability is reduced.
c. there are fewer workers.
d. there is less capital and the price level remains unchanged.
e. there are increased inflationary expectations of labor.
Question 2
Keynes called the money people hold in order to buy bonds, stocks, or other nonmoney financial assets the:
a. transactions demand for holding money.
b. precautionary demand for holding money.
c. speculative demand for holding money.
d. unit of account demand for holding money.
supply chain
Sea Level during the Last Glaciation
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Creating a Continental Economy
Latin America in the Global Economy
Beak size in finches during dry years increases because of strong selection