A headline reads: "Fed Raises the Federal Funds Rate by Half a Point." The content of this headline indicates that monetary policy is:
a. Becoming more restrictive
b. Becoming more expansive
c. Being reinforced by a change in fiscal policy
d. Being offset by a change in fiscal policy
a. Becoming more restrictive
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Define behavioral economics
What will be an ideal response?
If total revenue increases when price increases:
A. demand is elastic. B. demand is inelastic. C. demand is unit elastic. D. Any of these could be true.
Emocrats often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more
For a firm operating in a perfectly competitive industry, total revenue, marginal revenue, and average revenue are all equal
a. True b. False Indicate whether the statement is true or false