A shift to a more expansionary monetary policy will generally _________ in the short run, but if the rapid monetary expansion persists, the long-run result will be ______.(fill in the blanks.)
a. expand output and employment; inflation
b. increase the general level of prices; expand output and employment
c. increase the rate of unemployment; reduce the rate of inflation
d. reduce the rate of inflation; increase the rate of unemployment
A
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Which of the following helps to explain the high savings rate in Singapore?
A) employer contributions for workers under the age of 50 B) the lack of a Social Security system like the one in the United States C) government policy D) all of the above
Which of the following statements is true?
A) The future growth of a stock is more certain than the payments of a bond. B) Differences of opinion about a bond's future may vary considerably but there is less difference about a stock's future. C) A stock can possibly pay dividends forever, but bonds have a fixed number of payments. D) Bonds represent partial ownership in a firm but stocks do not.
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her marginal cost is
A. $2. B. $8. C. $9. D. $12.
Marginal costs reflect changes in variable costs.
Answer the following statement true (T) or false (F)