From 2008-2009 the Federal Reserve created a very large increase in the money supply. According to the short-run Phillips curve this policy should have
a. raised inflation and unemployment.
b. raised inflation and reduced unemployment.
c. reduced inflation and raised unemployment.
d. reduced inflation and unemployment.
b
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Relative to the United States, the European Union antitrust law focuses more on all of the following except which one?
A) ethics B) furthering the social interest C) the leveling of the competitive playing field D) fairness
Suppose that Congress were to repeal an investment tax credit. What would happen in the market for loanable funds?
a. The demand and supply of loanable funds would shift right. b. The demand and supply of loanable funds would shift left. c. The supply of loanable funds would shift right. d. The demand for loanable funds would shift left.
If your firm's production function has constant returns to scale, and if you double all your inputs, then your firm's productivity will
a. not change. b. increase but not double. c. double. d. more than double.
We would expect the interest rate on Bond A to be lower than the interest rate on Bond B if the two bonds have identical characteristics except that
a. Bond A was issued by a financially weak corporation and Bond B was issued by a financially strong corporation. b. Bond A was issued by the Exxon Mobil Corporation and Bond B was issued by the state of New York. c. Bond A has a term of 1 year and Bond B has a term of 5 years. d. All of the above are correct.