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Author Archives: Anonymous

If nominal wages fall, then the short-run aggregate:

If nominal wages fall, then the short-run aggregate:

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The convergence hypotheses explain why:

The convergence hypotheses explain why:

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Rising inventories typically indicate ______ unplanned inven…

Rising inventories typically indicate ______ unplanned inventory investment and a ______ economy.

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If real GDP is $480, nominal GDP is $400, the price level is…

If real GDP is $480, nominal GDP is $400, the price level is 1.2, and the nominal quantity of money is $240, then the velocity of money is:

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An economy will experience a liquidity trap when the Fed

An economy will experience a liquidity trap when the Fed

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Which of the following represent the three consequences of t…

Which of the following represent the three consequences of the decline in demand during the Great Depression?

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Crowding out means:

Crowding out means:

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To _________ the money supply, the Fed could ____________.

To _________ the money supply, the Fed could ____________.

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Expansionary monetary policy will, holding everything else c…

Expansionary monetary policy will, holding everything else constant,

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Japan during 1990s:

Japan during 1990s:

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