Consider the figures below. Determine which combination of fiscal policies shifted AD1 to AD2 in each figure and returned the economy to​ long-run macroeconomic equilibrium.  

Assuming that inflation has occurred over​ time, what is the relationship between nominal GDP and real GDP in years after the base​ year?  

Assuming that inflation has occurred over​ time, what is the relationship between nominal GDP and real GDP in years after the base​ year?  

The M1 money supply is equal to: (Answer to the nearest whole number; no decimals please)

Students are allowed to use unauthorized resources during remote exams.

Which one of the following is NOT one of the monetary policy goals of the Fed?

How would a higher desired reserve ratio impact money creation? A higher desired reserve ratio _______, which _______ the quantity of loans that banks can make and the quantity of money created. 

The top table describes an economy’s labor market and the bottom table describes its production function. What is potential GDP?  

At the end of 2021, a country’s national debt was $750 billion. In 2022, the government spent $150 billion and ended the year with a debt of $795 billion. How much did the government receive in tax revenues in 2022? The government received $_____ billion in tax revenues in 2022.

Sunflowers Inc. paid its workers $8 an hour in 2018 and $9 an hour in 2019. The GDP price index was 252 in 2018 and 257 in 2019. Calculate the real wage rate in each year. Round to two decimals.   The real wage rate in 2018 was $ The real wage rate in 2019 was $