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.