Author Question: Refer to Figure 11.2. Assume the economy is in equilibrium at 1, where real GDP equals potential ... (Read 543 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
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.



Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

For a complete list of videos, visit our video library