If a fiscal stimulus package is enacted after the end of the recession it was intended to cure, this is an example of
A. An implementation problem.
B. A design problem.
C. A measurement problem.
D. A goal conflict.
Answer: A
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Which of the following is NOT considered one of the factors of production?
A) land B) labor C) capital D) technology E) entrepreneurship
How can the Fed reduce a continuing inflation?
a. By slowing the continuing downward shift of the aggregate supply curve b. By increasing the money supply c. By slowing the continuing leftward shift of the aggregate demand curve d. By decreasing the required reserve ratio e. By slowing the continuing rightward shift of the aggregate demand curve.
Figure 11-7
For the firm in Figure 11-7, an unregulated monopolist, output falls below the efficient level in the short run by how much?
a.
50
b.
75
c.
35
d.
100
Refer to the above figure. Which of the following statements is TRUE?
A. Panel A shows a change in quantity demanded and Panel B shows a change in demand. B. Panel A shows a decrease in demand and Panel B shows an increase in demand. C. Both Panels A and B show an increase in demand. D. Panel A shows a change in demand and Panel B shows a change in quantity demanded.