After two rounds of quantitative easing, the money supply was:
A. $3 trillion, more than triple the amount pre-crisis.
B. $2 trillion, nearly double the amount pre-crisis.
C. $1 trillion, nearly the same as the amount pre-crisis.
D. $2 trillion, still less than the amount pre-crisis.
A. $3 trillion, more than triple the amount pre-crisis.
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When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is experiencing __________ .
A) upward sloping; diseconomies of scale
B) downward sloping; constant returns to scale
C) downward sloping; economies of scale
D) horizontal; constant returns to scale
In the figure above, compared to a perfectly competitive industry with the same costs, a single-price, unregulated monopoly will raise the price by
A) $2.00 per unit. B) $4.00 per unit. C) $6.00 per unit. D) $8.00 per unit.
What are the primary arguments in favor of a rules approach, and what are the primary arguments in favor of a discretion approach?
What will be an ideal response?
In the short run, which one of the following causes a competitive firm to hire more labor?
A) an increase in wage rate B) an increase in the output price C) a specific tax imposed on the firm's output D) a decrease in the output price