Which of the following occurs when an expansionary gap is closed in the long run by the action of firms?
a. Output decreases, and the price level increases.
b. Inflation decreases, and unemployment rises.
c. Both the equilibrium output and the price level increase.
d. Both the equilibrium output and the price level decrease.
e. Inflation rises, and unemployment decreases
Question 2
If the Fed decreases the money supply, gross domestic product:
a. increases by the same amount as the increase in the interest rate.
b. decreases by a greater amount than the increase in the interest rate because of the multiplier.
c. decreases by the same amount as the decrease in investment.
d. decreases by a greater amount than the decrease in investment because of the multiplier.
e. decreases by a lesser amount than the decrease in investment because of the multiplier.
Mechanisms of Action of Drugs Used to Treat Angina
Sites of Action of the Diuretics
The action potential.
Summary of Drug Action: Common Routes of Administration
Action of the DNA uracil repair system
Mechanisms of action of drugs to treat angina pectoris