The Fed could conduct an open market sale to eliminate an inflationary gap
a. true
b. false
Ans: a. true
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Which of the following is an important factor in the success of agrarian land reform policies?
(a) the introduction of sharecropping. (b) the introduction of tenant farming. (c) farmer training programs. (d) the introduction of more capital intensive methods.
Nominal gross domestic product (GDP) is measured in terms of the _____
a. current-year prices b. base-year prices c. export of goods and services d. amount of taxes collected e. hours of employment
In the long run, increased government spending is ineffective in raising equilibrium real GDP
a. True b. False Indicate whether the statement is true or false
Price ceilings will likely
a. result in the accumulation of surpluses. b. increase the volume of transactions as we move along the demand curve. c. increase production as producers respond to higher consumer demand at the low ceiling price. d. result in the development of black markets.