Expansionary fiscal policy will cause the IS curve to shift to the right.
Answer the following statement true (T) or false (F)
True
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In general, the larger the price elasticity:
a. the smaller the responsiveness of price to changes in quantity. b. the smaller the responsiveness of quantity to changes in price. c. the larger the responsiveness of price to changes in quantity. d. the larger the responsiveness of quantity to changes in price.
A ______ chance of default will cause the interest rate to be ______.
A. more variable; lower B. less variable; higher C. higher; lower D. higher; higher
A monopolist produces an output level where marginal revenue equals marginal cost and charges a price where marginal cost equals average total cost
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true?
A. The ECB's success in controlling reserves by paying interest on them has led the Fed to do the same. B. The Fed's redesign of its procedures for lending to banks was the model for the ECB's marginal lending facility. C. The ECB's marginal lending facility was the model for the Fed's redesign of its procedures for lending to banks. D. The ECB's weekly auctions include only a few of the largest banks in Europe.