During the worldwide recession of 2007-2009,
A) the Fed and the European Central Bank worked together.
B) all countries coordinated macroeconomic policies.
C) nations sacrificed some sovereignty.
D) the IMF coordinated world economic policies.
A
You might also like to view...
If the economy is on the IS curve, but is to the right of the LM curve, aggregate output will ________ and the interest rate will ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Assume that the price elasticity of demand for movie theatres is -.85 during all evening shows but for all afternoon shows the price elasticity of demand is -2.28 . For the theatre to maximize total revenue, it should
a. Charge the same price for both shows, holding other things constant. b. Charge a higher price for the afternoon shows and lower price for the evening shows, holding other things constant c. Charge a lower price for the afternoon shows and higher price for the evening shows, holding other things constant d. Need more information
Over the long run, monopolies can earn
A) economic profit. B) normal profit only. C) accounting profit only. D) no economic profit.
In 2008-2010, American policy makers decided to risk
a. higher inflation for the sake of decreasing unemployment. b. higher unemployment to hold down inflation. c. increasing taxes for the sake of reducing the budget deficit. d. reducing government spending for the sake of balancing the budget.