When expansionary monetary policy pushes interest rates to artificially low levels,
a. the demand for and prices of interest-sensitive goods, like housing, will increase.
b. people will delay their purchases of interest-sensitive goods, like housing, into the future.
c. the demand for interest-sensitive goods, like housing, will increase, but their prices will decline.
d. the demand for and prices of interest-sensitive goods, like housing, will decline.
A
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In the above, which figure(s) show(s) a relationship between the variables that is always negative?
A) Figure A only B) Figure D only C) Figures A and C D) Figures A, C, and D E) Figure B only
In the figure above, if the government gives a voucher equal to $3,000 per year to each college student, how many students will be accepted?
A) 8 million per year B) 12 million per year C) 10 million per year D) 14 million per year
Which of the following best describes typical employer attitudes toward organized labor (unions) during the 19th century?
(a) Positive—unions could promote cooperation with management to achieve more efficient operations (b) Negative—union-promoted labor gains seized profits and encouraged inefficient behavior (c) Indifferent—unions had little impact on business profitability (d) Mixed—about half of employers favored unions and half opposed them
In long-run equilibrium, a perfectly competitive firm's short-run marginal cost curve crosses the long-run average cost curve at the lowest point on the long-run average cost curve
a. True b. False Indicate whether the statement is true or false