for Kerry: first 10

1.      An increase in aggregate demand is most likely to be caused by a decrease in

2.      The upward slope of the short run aggregate supply curve is based on the assumption that:

3.      A fall in the labor cost will cause aggregate

4.      Disinflation refers to a situation where

5.      If a familiy’s MPC is .7, it means that the family is

6.      The M1 money supply is composed of

7.      Which of the following “backs” the value of money in the United states

8.      The federal reserve system of the US is the country’s

9.      When the Fed acts as a "lender of last resort", like it did in the financial crisis of 2007-2008 it is performing its role

10.  The federal funds rate is the rate that banks pay for loans from