If the probability of losing your job remains ________, a recession would be a good time to purchase a home because the Fed usually ________ interest rates during this time

A) low; lowers
B) low; does not change
C) high; lowers
D) low; raises
E) high; raises


A

Economics

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If the marginal net utility of beer is a positive number, the consumer should buy more beer in order to maximize utility.

Answer the following statement true (T) or false (F)

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What is the meaning of the statement "correlation does not mean causation"?

What will be an ideal response?

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The relationship between money growth rates and inflation between 1982 and 2010 helps explain why, by the 1990s, most economists had

A. adopted the monetarist explanation of inflation. B. adopted a rules-only approach to monetary policy. C. become more convinced of the monetary causes of inflation. D. abandoned monetarism as the primary explanation of inflation.

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If the U.S. government decided to pay off the national debt by creating money, what would be the most likely effect?

a. a substantial reduction in real GDP b. a deflationary collapse c. rapid inflation d. an increase in the trade surplus

Economics