Countercyclical monetary policy is policy directives issued by
a. the Fed to moderate swings in the business cycle
b. the Fed to intensify swings in the business cycle
c. the Treasury designed to increase government spending during recessions
d. Congress to moderate swings in the business cycle
e. the President to intensify swings in the business cycle
A
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Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells for $34,000. In the economic way of thinking, which car is more efficient?
A) Car A B) Car B C) Both are equally efficient. D) It depends on the car buyer's estimate of cost and benefit. E) It depends on a number of statistical tests done by economists, the results of which are not stated in the question.
What is the relationship between the marginal social benefit of milk and marginal social cost of milk when the efficient quantity of milk is produced?
What will be an ideal response?
The market demand curve in perfect competition is horizontal.
Answer the following statement true (T) or false (F)
The economic effects of a quota are identical to those of a tariff
a. True b. False Indicate whether the statement is true or false