Assume that an economy is initially in long-run equilibrium. explain the short-run effect of monetary policy that causes an increase in interest rates. as a result of higher interest rates, thea. aggregate demand curve will shift left. b.aggregate demand curve will shift right. c.short-run aggregate supply curve will shift left. d.long-run aggregate supply curve will shift left. the new equilibrium will bea. where the new aggregate demand curve intersects the originallong-run aggregate supply curve. b.where the new aggregate demand curve intersects the original aggregate demand curve. c.where the new aggregate demand curve intersects the originalshort-run aggregate supply curve. d.where the original aggregate demand curve intersects the original short-run aggregate supply curve.

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

Why do police officers get paid less than professional baseball players?

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.