The rapid speed with which the stimulus bill passed through both houses of Congress and was signed by the President could be used as an argument for
A. activist fiscal policy.
B. activist monetary policy.
C. expansionary fiscal policy.
D. contractionary monetary policy.
Answer: A
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The law of decreasing returns states that as a firm uses more of a
A) fixed input, with a given quantity of variable inputs, the marginal product of the fixed input eventually decreases. B) variable input, total output will increase indefinitely. C) variable input, with a given quantity of fixed inputs, the marginal product of the variable input eventually decreases. D) variable input, output will begin to fall immediately. E) fixed input and a variable input, the marginal product of the fixed input and the marginal product of the variable input both decrease.
The only types of firms that cannot theoretically practice price discrimination are perfectly competitive firms
a. True b. False Indicate whether the statement is true or false
Which of the following will shift an economy's production possibilities curve inward?
A. an improvement in technology B. an increase in the unemployment rate C. a decrease in land, labor or capital D. a decrease in the unemployment rate
Using the market for loanable funds, which of the following has the potential to raise the real interest rate?
A) an increase in the demand for loanable funds B) an increase in the quantity of loanable funds demanded C) an increase in the supply of loanable funds D) an increase in the quantity of loanable funds supplied