If the Federal Reserve conducts an open-market purchase, then the SML will:
A. Shift up
B. Shift down
C. Rotate and become steeper
D. Rotate and become flatter
B. Shift down
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Public goods legislation involves
a. widespread benefits and concentrated costs b. widespread benefits and widespread costs c. concentrated benefits and widespread costs d. concentrated benefits and costs e. regulating natural monopolies to avoid price gouging
A dominant strategy exists for at least one player in every game
a. True b. False Indicate whether the statement is true or false
Demand for a good which comprises a relatively small share of the consumer's budget tends to be
A. perfectly inelastic. B. perfectly elastic. C. elastic. D. inelastic.
Our current account balance in 2009 was a
A. surplus of about $220 billion. B. surplus of about $420 billion. C. deficit of about $220 billion. D. deficit of about $420 billion.