Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation.
B. low economic growth and low inflation.
C. high economic growth and low inflation.
D. low economic growth and high inflation.
D. low economic growth and high inflation.
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In the short run, which of the following actions lower the interest rate?
A) a decrease in the demand for money B) an increase in the demand for money C) a decrease in the quantity of money D) a decrease in bond prices
If a person withdraws $500 from his/her savings account and puts it in his/her checking account, then M1 will ________ and M2 will ________
A) not change; not change B) not change; increase C) increase; not change D) not change; decrease E) increase; decrease
Overall, U. S. citizens and foreign-born residents embrace change that promises overall growth. This is evidenced by which of the following?
(a) Innovation (b) The growth of new industries and the demise of others (c) Population migration from one part of the U.S. to another (d) All of the above
In equilibrium under monopolistic competition: a. marginal revenue exceeds average revenue. b. marginal revenue exceeds marginal cost
c. marginal revenue is equal to marginal cost. d. marginal revenue is less than marginal cost.