According to the text, The American Recovery and Reinvestment Act of 2009:

A. was successful.
B. was unsuccessful.
C. remains hotly debated whether it was successful or not.
D. is known as the most effective legislation ever passed in U.S. history.


C. remains hotly debated whether it was successful or not.

Economics

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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline

Economics

Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $30

If she is following the marginal principle, how many hours should Krystal stay open? A) 4 hours B) 5 hours C) 6 hours D) 7 hours

Economics

The figure above illustrates the current market for apartments in Washington, D.C

a. If the local government imposes a price ceiling of $1,500 per month, is there a shortage? If so, how much? If not, why not? b. If the local government imposes a price ceiling of $900 per month, is there a shortage? If so, how much? If not, why not?

Economics

Give five examples of factors that could reduce the demand for money

What will be an ideal response?

Economics