In response to the zero lower bound problem:
A. the Fed implemented the zero interest rate policy (ZIRP).
B. Congress approved additional fiscal stimulus in 2010.
C. the Fed pursued quantitative easing.
D. the Fed ended its forward commitment in order to encourage further lending.
C. the Fed pursued quantitative easing.
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If P > ATC then economics profits are positive
a. true b. false
What is the difference between first-, second- and third-degree price discrimination?
A policy in which a government actively picks industries to support as a base for economic development is known as
A. social policy. B. industrial policy. C. preferential policy. D. first-choice policy.
If the government seizes Lucy's property and resells it to Ethel,
A) Lucy and Ethel collectively capture the resulting gains. B) Lucy captures the resulting gains. C) Ethel captures the resulting gains. D) Neither Lucy nor Ethel capture any resulting gains.