Please choose one answer for each question:

In the equation The = Tit- + V[Y - Yp) /Yp]t-1 + 0, a negative output gap in year t - 1 would, all things equal, ... O a. Push down inflation in period t - 1 and in period t. O b. Push up inflation in period t. O c. Push down inflation in period t. O d. Have no lasting effect on inflation if y = 0.Country A saw its population double but its capital stock remain the same and country B saw its population remain the same but its capital stock double. At first, the two countries had the same level of per capita GDP. Now, ... O a. Country A's is equal to country B's and both are richer than before. O b. Country A's is higher than country B's. O c. Country B's is higher than country A's. O d. Country A's is equal to country B's, but neither is richer than before.If banks have a desired reserve ratio of 20 percent and do not hold excess reserves. then a $1 initial deposit will create of total deposits. _._._._._.. C) a. $2D. O b. $50 D c. $20!] C) d. $5. The slope of the aggregate demand curve is determined by the monetary policy response to O a. Changes in autonomous expenditure. O b. Transitory variations in the inflation rate. O c. Permanent variations in the inflation rate. O d. The stage of the business cycle.\f