An autonomous tightening of monetary policy
A) causes an upward movement along the monetary policy curve.
B) causes a downward movement along the monetary policy curve.
C) shifts the monetary policy curve upward.
D) shifts the monetary policy curve downward.
C
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The production possibilities curve (PPC) illustrates economic growth by a(n)
A) bowed-out shape of the PPC. B) outward shift of the PPC. C) inward shift of the PPC. D) movement along the PPC.
According to political business cycle theory, if the Fed wanted to increase the chances of a President's re-election, what specific actions might it take?
Status-quo bias is:
A. a person's choice being influenced by others' opinions. B. not overcome in the SMarT program because saving is not the default option. C. a reluctance to make active decisions to change something, even if it is fairly easy to do so. D. All of these statements are true.
Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffles. According to this scenario
A) Maria has the absolute advantage in making waffles. B) Jose has the absolute advantage in making waffles. C) Maria has the comparative advantage in making waffles. D) Jose has the comparative advantage in making pancakes.