When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline
B. increase; raise; decline
C. decline; lower; expand
D. decline; raise; decline
Answer: C
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The Denver Broncos is a football team in the NFL, the Colorado Crush is an arena football team, and the Highlands Ranch Falcons is a local High School team
Broncos tickets cost about $415, the Crush cost between $30 and $85 and Falcons tickets are $6. What do the prices per unit tell you about the marginal utility from each of these football games? A) The marginal utility will be equal from each game. B) The marginal utility will be greatest from a Crush game. C) The marginal utility will be greatest from a Falcons game. D) The marginal utility will be greatest from a Broncos game.
A rightward shift of the market demand curve for drones, ceteris paribus, causes equilibrium
A. Price to increase and equilibrium quantity to increase. B. Price to decrease and equilibrium quantity to decrease. C. Price to increase and equilibrium quantity to decrease. D. Price to decrease and equilibrium quantity to increase.
What are some of the ways a private group can overcome a free rider problem?
What will be an ideal response?
If the AS curve shifts from year to year, but the AD curve does not, then the Phillips curve would show
A. a constant trade-off between the inflation and unemployment rates. B. a negative relationship between the inflation and unemployment rates. C. no particular relationship between the inflation and unemployment rates. D. a positive relationship between the inflation and unemployment rates.