Which of the following monetary policies could reduce the amplitude of oscillations of output around its natural level?
A) raising interest rates before actual output attains its natural level
B) lowering interest rates when an economy is still overheated
C) lowering interest rates when output is above its natural level
D) all of the above.
D
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A person's judgments are based on the value meanings derived from feelings, this is known as:
a. Affective domain b. Cognitive domain c. Construct domain d. Clarification construct
When demand is inelastic, the price elasticity of demand is
a. less than 1, and price and total revenue will move in the same direction. b. less than 1, and price and total revenue will move in opposite directions. c. greater than 1, and price and total revenue will move in the same direction. d. greater than 1, and price and total revenue will move in opposite directions.
You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time
A. is the value of the alternative use of the time you spend playing the game. B. is one-half the cost of the game, as this is the second time you have played it. C. is zero. D. cannot be calculated.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C