From 1990s until 2012, the Japanese economy has experienced
A) easy monetary policy as indicated by falling nominal interest rates.
B) easy monetary policy as indicated by short-term interest rates near zero.
C) tight monetary policy as indicated by falling asset prices.
D) tight monetary policy as indicated by short-term interest rates near zero.
C
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Which produces more output: a perfectly price discriminating monopoly or a single-price monopoly?
What will be an ideal response?
The principle that pulls down the average cost (ATC), and then, as output continues to expand, pulls it up, is
a. lower prices and then higher prices. b. rising and then diminishing marginal returns. c. lower average fixed cost and then higher average fixed cost. d. lower resource prices and then higher resource prices.
The 2009 fiscal stimulus package did not work ________
A) in that the IS curve did not shift to the right B) because most of the intended increase in government spending took too long to kick in C) because the increase in government spending was not enough to offset the decline in autonomous expenditure D) all of the above E) none of the above
If planned spending exceeds planned output in an economy, the result is a(n) _____
a. increase in inventories b. decrease in gross domestic product c. decrease in imports d. increase in government purchases e. unintended decrease in inventories