According to estimates of the Taylor rule, monetary policy was too easy
A) from 1960 to 1965.
B) from 1965 to 1979.
C) in the 1980s.
D) in the 1990s.
B
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A monopolistically competitive firm is producing an output level where marginal revenue is greater than marginal cost. What should this firm do to increase its profit or reduce its losses?
A) The firm should increase its implicit costs. B) The firm should lower its price. C) The firm should decrease its fixed costs. D) The firm should raise its price.
In August 2015, Intermarket Corporation’s 6 percent coupon bonds, with a face value of $1,000, was sold for $1,050. This means that the yield on these bonds was
A. less than 6 percent. B. equal to 6 percent. C. equal to 105 percent of 6 percent. D. greater than 6 percent.
. Economists use the percentage change in quantity rather than the absolute change in quantity because:
A. percentage changes are easier to calculate than absolute changes. B. the measured elasticity is the same regardless of the unit of measurement for quantity. C. absolute changes are confusing to convert. D. absolute changes often result in negative numbers.
Which of the following would be most likely to cause a rightward shift of the demand for shares of Planet X, Inc's stock?
a. the appearance of a strong competitor in Planet X's market b. a ban on Planet X's product in a large export market c. the announcement of a profitable new product line from Planet X d. news of a labor strike against Planet X e. the announcement of a new public offering of Planet X stock