Refer to the above figure. At demand curve D2, price equals ________ and economic rent equals ________
A) OF; KHG
B) OF; FHGO
C) OE; EKGO
D) OE; KHG
B
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If the Fed's goal is to keep the interest rate fixed, a contractionary fiscal policy must be accompanied by ________ monetary policy that shifts the LM curve to the ________
A) an expansionary, right B) an expansionary, left C) a contractionary, right D) a contractionary, left
A bank divided in different divisions for consumer banking and business banking is an example of
a. An M-form of an organization b. A functional organization c. An N-form organization d. All of the above
Which of the following would be expected if the tariff on foreign-produced shoes were decreased?
a. The domestic price of shoes would fall. b. The supply of foreign shoes to the domestic market would decline, causing shoe prices to rise. c. The number of unemployed workers in the domestic shoe industry would decline. d. The demand for foreign-produced shoes would decrease, causing the price of shoes to increase in other nations.
When output is greater than the economy's long-run capacity, which of the following is most likely to occur?
a. a reduction in the general level of prices b. an abnormally high rate of unemployment c. increases in real interest rates and real resource prices d. a reduction in imports