Economists feared that any attempt to ________ without first ________ would have been ineffective at best and dangerous at worst.
A. lower interest rates; curtailing inflation
B. stimulate aggregate demand; addressing the lack of supply
C. address the lack of supply; stimulating aggregate demand
D. curtail inflation; lowering interest rates
Answer: B
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The world real interest rate is
A) set annually by a special commission at the United Nations. B) set annually by a special commission at the International Monetary Fund. C) determined in the international capital market. D) determined daily on the New York Stock Exchange.
Price and total revenue move in opposite directions when demand is inelastic
Indicate whether the statement is true or false
Consider a firm's short-run cost curves. Which one of the following types of cost declines over the whole range of output?
A) total fixed cost B) marginal cost C) average fixed cost D) total variable cost E) average variable cost
Refer to the diagram. The combination of computers and bicycles shown by point G is:
A. attainable but too costly.
B. unattainable given currently available resources and technology.
C. attainable but involves unemployment.
D. irrelevant because it is inconsistent with consumer preferences.