If real GDP is $11,750 billion and aggregate hours are 175 billion, labor productivity equals

After an increase in autonomous spending, in the long run changes in the price level

The federal funds rate is the interest rate

Which of the following is the central bank of the United States?

In the short run, the equilibrium level of real GDP

The tax rebates passed by Congress in 2008 to help move the economy more rapidly toward potential GDP are an example of

A bank cannot create money unless its ________.

If the Fed carries out an open market operation to buy U.S. government securities, the federal funds rate ________ and the quantity of reserves ________.

GDP can be computed as the sum of

An economic expansion rather than a recession occurs