Possible explanations that have been offered for the Great Moderation experienced in the United States include all of the following except:
A. better understanding and use of monetary policy.
B. economies that have become more flexible in absorbing shocks.
C. good fortune.
D. calm financial markets.
Answer: D
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Expenditures on U.S. produced steaks, shoes, and doctor visits are most likely classified as
A) net imports of goods and services. B) investment. C) government expenditure on goods and services. D) net exports of goods and services. E) consumption expenditure.
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, and Andy has an income of $14.50, how many units of potato chips will he consume?
A) 5 B) 6 C) 7 D) 8 E) none of the above
The graph below depicts the market for loanable funds. Complete the graph by labeling the supply and demand curves and the y-axis of the graph.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. at any of the labeled points, as all of the points represent an efficient allocation of resources. B. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.