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Author Question: If resource prices are flexible, the long-run aggregate supply curve is vertical. a. True b. False ... (Read 42 times)

formula1

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on: Jun 30, 2018
If resource prices are flexible, the long-run aggregate supply curve is vertical.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A rising rate of inflation:
 a. makes people more willing to hold money as an asset.
 b. reduces the usefulness of money as a store of value and thus increases the velocity of money.
 c. increases the usefulness of money as a medium of exchange and thus reduces the velocity of money.
  d. is usually preceded by a reduction in the money supply.
 e. does not have any effect on the velocity of money.


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SVictor

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


formula1

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Reply 2 on: Jun 30, 2018
Excellent

FergA

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Reply 3 on: Yesterday
Wow, this really help

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