Data from the Bureau of Labor Statistics show that the largest category of consumer spending is housing
a. True
b. False
Indicate whether the statement is true or false
True
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If the Federal Reserve wants to prevent a recession, it should ________.
A. decrease the money supply to raise interest rates and lower aggregate demand B. decrease the money supply to lower interest rates and increase aggregate demand C. increase the money supply to raise interest rates and lower aggregate demand D. increase the money supply to lower interest rates and raise aggregate demand
In the long run, a perfectly competitive firm will exit a market when
A) its total revenue is less than its total cost. B) its marginal revenue curve is below the minimum of its average total cost curve. C) the price is greater than the minimum of its average total cost curve. D) Both answers A and B are correct.
What is the "three-pronged approach" to organizing a banking union?
What will be an ideal response?
During periods of deflation, the nominal interest rate will be a. higher than the real interest rate
b. lower than the real interest rate. c. the same as the real interest rate. d. possibly higher, lower, or the same as the real interest rate. The answer depends on how much deflation there is in the economy.