Aggregate supply curve is influenced by the price level

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Reference no: EM13981380

1. The long-run aggregate supply curve is influenced by the price level.

True

False

2. The opportunity cost of holding real money balances is the:

a. interest rate.

b. price level.

c. all of the above.

d. none of the above.

3. Economic variables that generally turn down after a recession begins and turn back up after the recovery starts are called:

a. leading indicators.

b. coincident indicators.

c. lagging indicators.

d. none of the above.

Reference no: EM13981380

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