In the long run, the price level in an economy is determined solely by:
a. the long-run aggregate supply curve.
b. the aggregate demand curve.
c. the amount of cyclical unemployment in the economy.
d. the short-run aggregate supply curve.
e. the potential output level.
Question 2
When the Fed decreases the money supply:
a. aggregate demand and aggregate supply both increase.
b. aggregate demand increases, which leads to movement along the short-run aggregate supply curve.
c. aggregate demand decreases, which leads to movement along the short-run aggregate supply curve.
d. aggregate supply increases, which leads to movement along the aggregate demand curve.
e. aggregate supply decreases, which leads to movement along the aggregate demand curve.
Projections of global temperature depend heavily on the level of future greenhouse gas emissions
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