With respect to theory of long run growth, the opportunity cost of increased savings is:

		a fall in nominal wages.
		a rise in inflation.
		a rise in budget surplus.
		a fall in exchange rates.
		a fall in consumption.

With respect to theory of long run growth, the opportunity cost of increased savings is:

		a fall in nominal wages.
		a rise in inflation.
		a rise in budget surplus.
		a fall in exchange rates.
		a fall in consumption.

To conduct a contractionary monetary policy, the central bank will perform:

		an open market operation to reduce foreign exchange reserves.
		an open market operation to achieve a government balanced budget.
		an open market operation sale of government bonds.
		an open market operation to stimulate foreign trade.
		an open market operation purchase of government bonds.

Holding other influences on expenditure plans remain constant, the aggregate demand curve illustrates the relationship between ___________.

		the price level and the quantity of real GDP supplied
		the price level and the nominal interest rate
		the price level and the quantity of real GDP demanded
		the price level and the real exchange rate
		the price level and the potential GDP

Workers in country X have gained access to a substantial quantity of capital. As the amount of capital available per worker in the country ________, output will increase at a(n) ________ rate.

		increases; diminishing
		decreases; diminishing
		increases; increasing
		increases; constant
		decreases; increasing