The increasing cost in the law of increasing cost is a(n) ____________ cost.
A. average
B. fixed
C. opportunity
D. declining
C. opportunity
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Liquidity provision and asset purchase may not be enough to stimulate the economy unless the these policy actions are able to
A) lower the real interest rate for investments. B) lower the short-term real interest rate. C) raise the policy rate above zero. D) lower the policy rate.
Advertising is very important to firm operating in: a. perfect competition but not in monopolistic competition
b. monopolistic competition but not in perfect competition. c. perfect competition and monopolistic competition but not in monopoly. d. none of the above
The Federal Reserve currently exercises credit control over
a. stock market purchases. b. home financing. c. installment sales. d. automobile sales.
The percent increase in the CPI from one year to the next is a measure of the
A) GDP deflator. B) unemployment rate. C) real interest rate. D) inflation rate.