Multiple Choice
Equilibrium real GDP is
A) independent of the price level
B) determined solely in the loanable funds market
C) controlled by the Fed
D) directly related to the interest rate
E) the level of output at which total spending equals total output for a given price level
Correct Answer:
Verified
Correct Answer:
Verified
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Q87: Equilibrium GDP<br>A) is not affected by nominal
Q88: The increase in world oil prices in
Q89: In the long run,supply shocks<br>A) are of
Q90: If there is a large increase in
Q92: If the Fed conducts an open market
Q93: The economy's self-correcting mechanism<br>A) prevents the economy
Q94: If a new insect invasion devastates crops
Q95: Nominal wages react slowly to changes in
Q96: Stagflation is caused by<br>A) a negative supply