An autonomous monetary policy easing ________ real interest rates and ________ output in the short run, thereby ________ stock prices
A) raises; lowers; lowering
B) raises; raises; raising
C) lowers; raises; raising
D) lowers; raises; lowering
C
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In the mid-1970s, changes in oil prices greatly affected U.S. inflation. When oil prices rose, the U.S. would experience ________.
A. cost-push inflation and falling output B. demand-pull inflation and falling output C. cost-push inflation and rising output D. demand-pull inflation and rising output
From 1950 to 2009, the average length of expansions in the United States has been
A) less than 2 years. B) between 2 year and 3 years. C) between 3 years and 4 years. D) longer than 4 years.
In the United States, since the Great Depression, the federal government has: a. run budget deficits only in periods of recession
b. run a budget deficit in almost every year. c. practiced a policy of annually balancing the budget. d. run budget deficits only in wartime. e. run a surplus in most years.
If a monopolist can sell 20 units at price of $200 per unit and 30 units at a price of $180 per unit, its marginal revenue at an output of 30 is
A. $1800. B. $-200. C. $800. D. $1400.