In order to ________ the long-run real interest rate, the Fed needs to ________
A) raise; raise the long-run inflation expectations B) raise; lower the long-run nominal interest rate
C) lower; raise the long-run nominal interest rate D) lower; raise the long-run inflation expectations
D
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The four market types are
A) perfect competition, imperfect competition, monopoly, and oligopoly. B) oligopoly, monopsony, monopoly, and imperfect competition. C) perfect competition, monopoly, monopolistic competition, and oligopoly. D) oligopoly, oligopolistic competition, monopoly, and perfect competition. E) perfect competition, imperfect competition, monopoly, and duopoly.
What is precautionary saving? What might cause precautionary saving to increase or decrease if households have a desired level of wealth?
What will be an ideal response?
Game theory is an especially useful model for analysis in the following types of markets:
a. perfect competition. b. monopolistic competition. c. oligopoly. d. monopoly.
Assume both the demand for bagels and the supply of bagels increase. Which of the following outcomes is certain to occur?
A. The equilibrium price of bagels will rise. B. The equilibrium price of bagels will fall. C. The equilibrium quantity of bagels will rise. D. The equilibrium quantity of bagels will fall.