To reduce economic volatility the Fed should push the economy toward a
A) positive output ratio.
B) negative output ratio.
C) zero output ratio.
D) All of the above are consistent with reduced volatility.
C
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In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. A recessionary gap exists
A) if the long-run aggregate supply curve is LAS1. B) if the long-run aggregate supply curve is LAS2. C) if the long-run aggregate supply curve is LAS3. D) All of the above answers are correct.
When describing goods and services, what is meant by the terms "rival" and "nonrival?" Are private goods rival or nonrival? Are public goods rival or nonrival? Are common resources rival or nonrival?
What will be an ideal response?
Which idea about development was constructed with developing countries in mind?
a. Harrod-Domar model b. New Growth theory c. Neoclassical growth model d. Lewis labor-surplus model e. All of the above
Money’s function as a unit of exchange means that ______.
a. Jorge can compare the value of apples to the value of a new lamp b. Michael can deposit money into an account where it will be safely stored until a later date. c. Kelly can pay for her lunch using the $20 bill in her wallet. d. Calista can pay back a loan at a future date without risking great fluctuations in the value.