× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nmar nmar
wrote...
Go to Answer
Posts: 513
Rep: 0 0
6 years ago
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.

Question 3

How does an increase in the proportional labor income tax modify the consumer's budget constraint?
 
  A) a parallel move up
  B) a parallel move down
  C) the slope decreases (constraint gets steeper)
  D) the slope increases (constraint gets flatter)
Read 53 times
4 Replies
Replies
Answer verified by a subject expert
prattasiprattasi
wrote...
#1
Posts: 362
Rep: 1 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

nmar Author
wrote...
#2
6 years ago
You are really a genius. Thanks
wrote...
#3
6 years ago
NP
wrote...
#4
4 years ago
Thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1249 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 436
  
 139
  
 145
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: What's your favorite coffee beverage?