Question: Please explain why true or why false very shortly. 1. At the higher levels of national output where AS curve is nearly vertical, expansionary fiscal
Please explain why true or why false very shortly.
1. At the higher levels of national output where AS curve is nearly vertical, expansionary fiscal policy works better.
2. An appreciation of a country's currency is likely to increase both exports and imports.
3. An open market sale of government securities (such as Treasury Bills) by the Central Bank will decrease the money supply and raise the interest rate.
4. Natural rate of unemployment is the total of frictional unemployment and cyclical unemployment.
5. As a result of sticky wages, we have a low unemployment in the country.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
