Refer to Figure 11.2. Assume the economy is in equilibrium at 1, where real GDP equals potential GDP, and then the economy experiences a negative demand shock. Other things equal, the negative demand shock is best represented by a(n)
A) movement up along the Phillips curve.
B) movement down along the Phillips curve.
C) upward shift of the Phillips curve.
D) downward shift of the Phillips curve.
Question 2
When the Fed lends to depository institutions, the loans are called
A) federal funds.
B) discount loans.
C) repurchase agreements.
D) reverse repurchase agreements.
As sessile organisms, plants have evolved many mechanisms to mitigate the potential damage of abioti
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Parabola Real World Example
Paul Colin, Figure of a Woman.
Chemical equilibrium and the law of mass action.
Potential gas reserves have increased significantly with the discovery of new shale gas formations