If multiplier effects are ____ than policy makers expect or the natural rate of real output is _____ than expected, monetary policy will tend to overshoot its intended effects
a. Greater; greater.
b. Greater; less
c. Less; greater
d. Less; less
b
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Let the quantity of hamburgers be measured along the vertical axis and the quantity of movies be measured along the horizontal axis. If the price of a hamburger is $1.50 and the price of a movie is $6, then the slope of the budget line is
A. -0.25. B. -3. C. -4. D. -6.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.
The period in the U.S. economy from 1995 to 2009 is characterized by:
A. a higher trend rate of saving. B. a higher natural rate of unemployment. C. a higher trend rate of productivity growth. D. the end of the business cycle.
Which of the following is an example of a public good?
A) a movie ticket B) a cup of coffee C) books at a public library D) a railroad sign