The "quantitative easing" policies of the Fed during, and following, the financial crisis of 2008-2009, resulted in
a. rapid growth of both the money supply and nominal GDP.
b. rapid growth of the money supply and a substantial increase in the rate of inflation.
c. low interest rates and a sharp decline in the velocity of the money supply.
d. low interest rates and a sharp increase in the velocity of the money supply.
C
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The estimated slope coefficient (b) of the regression equation (Ln Y = a + b Ln X) measures the ____ change in Y for a one ____ change in X
a. percentage, unit b. percentage, percent c. unit, unit d. unit, percent e. none of the above
Economists criticize Robinson-Patman acts because
a. Economists are profit maximizers b. Economists promote unemployment c. Economists are against discounting of goods d. Economists feel the act protects competitors rather than the process of competition
The law of demand refers to the:
A. inverse relationship between the price of a good and the quantity of a good that people are willing to buy. B. price increase that results from an increase in demand for a good of limited supply. C. inverse relationship between the price of a good and the quantity offered for sale. D. increase in the quantity of a good available when its price increases.
Politicians tend not to support the policy solutions to end structural stagnation, because they would:
A. politicians aren't interested in solving society's problems. B. politicians have to worry about getting reelected. C. politicians don't like economists. D. give more power to the Federal Reserve to fix the economy.