Referring to the graph above, a movement from point H to point I might represent ________
A) the increase in the inflation rate that occurs when the real interest rate rises
B) the automatic response of monetary policy to an increase in the inflation rate
C) an autonomous tightening of monetary policy
D) any of the above
E) none of the above
B
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If the value of the marginal product of a worker is $20 and the market price of the good he produces is $5, his marginal product is:
A) 4 units. B) 10 units. C) 25 units. D) 100 units.
All monopolies exist because of:
a. firms' desire to maximize profits. b. failure of antitrust laws. c. barriers to entry. d. natural selection.
Price discrimination:
A. can benefit consumers with a lower willingness to pay when compared to other consumers in the market B. can be a successful strategy for any firm in a competitive market C. tends to decrease the profits of the firm. D. is more successful if resale of the product is possible from one consumer to another.
In 2012, the primary sources of U.S. electricity generation, in order from largest to smallest, were:
A. coal, natural gas, nuclear, and hydropower. B. coal, hydropower, nuclear, and renewables (wind and solar). C. natural gas, coal, hydropower, and petroleum. D. hydropower, nuclear, coal, and petroleum.