A shift in the short-run aggregate supply could be caused by which of the following? A) A change in input prices. B) A decreased supply of oil or energy. C) The breakdown of OPEC. D) A technological innovation. E) All of the above. True,/False/Uncertain: A single small bank with a legal reserve requirement of 25 percent can "create" only $250 of "new money" from an initial deposit of $1,000. True,/False/Uncertain: The Classical Model would encourage the Fed to be raising interest rates to fight inflation today. True,/False/Uncertain: Shifts in aggregate demand can lead to higher real incomes for American workers.

A shift in the short-run aggregate supply could be caused by which of the following? A) A change in input prices. B) A decreased supply of oil or energy. C) The breakdown of OPEC. D) A technological innovation. E) All of the above. True,/False/Uncertain: A single small bank with a legal reserve requirement of 25 percent can "create" only $250 of "new money" from an initial deposit of $1,000. True,/False/Uncertain: The Classical Model would encourage the Fed to be raising interest rates to fight inflation today. True,/False/Uncertain: Shifts in aggregate demand can lead to higher real incomes for American workers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A shift in the short-run aggregate supply could be caused by which of the following?
A) A change in input prices.
B) A decreased supply of oil or energy.
C) The breakdown of OPEC.
D) A technological innovation.
E) All of the above.
True,/False/Uncertain: A single small bank with a legal reserve requirement of 25
percent can "create" only $250 of "new money" from an initial deposit of $1,000.
True,/False/Uncertain: The Classical Model would encourage the Fed to be raising
interest rates to fight inflation today.
True,/False/Uncertain: Shifts in aggregate demand can lead to higher real incomes for
American workers.

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