The government budget balance

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

The convergence hypotheses explain why:

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

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:

An economy will experience a liquidity trap when the Fed

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

Crowding out means:

To _________ the money supply, the Fed could ____________.

Expansionary monetary policy will, holding everything else constant,