When the Fed conducts expansionary monetary policy, it __________ in the short run, but __________ in the long run.
A. boosts demand; causes inflation
B. causes inflation; boosts output
C. causes inflation; boosts economic growth
D. boosts demand; boosts supply
A. boosts demand; causes inflation
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Refer to the figure below. What might cause a shift from the original demand curve to the new demand curve? 
A. A decrease in the price of tea. B. An increase in the price of coffee creamer. C. An expectation that coffee prices will fall in the future. D. An increase in consumers' tastes for coffee.
Entry barriers mean a true monopoly ______.
a. has many firms b. has only one firm c. welcomes many firms d. requires varied products
The figure below shows the production-possibility curves of Canada (AB) and the rest of the world (CD). I1 and I2 are community indifference curves for Canada and the rest of the world. In the absence of trade, Canada consumes ________ bales of cotton and ________ bushels of wheat.
A. twenty; six B. twelve; eleven C. sixteen; six D. twenty; three
What is called for with heterodox stabilization policies?
What will be an ideal response?