The low point of the Great Depression was reached in the year

A. 1929.
B. 1931.
C. 1933.
D. 1935.

C. 1933.

Economics

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Suppose that demand for a product falls, but prices are sticky. What is likely to happen to prices and output in that market, in the short run?

What will be an ideal response?

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If both autonomous imports and autonomous taxes decrease by $100B we expect that equilibrium income will

A) increase by more than $200B. B) decrease by more than $200B. C) increase by $200B. D) remain unchanged.

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The long-run supply curve for a competitive industry always has a positive slope

a. True b. False Indicate whether the statement is true or false

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The most frequently used tool of U.S. monetary policy is

a. the discount rate. b. the reserve requirement. c. open-market operations. d. moral suasion.

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