Interest rates will increase if the Fed conducts an open market purchase
Indicate whether the statement is true or false
FALSE
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Assume that the government decides to use fiscal or monetary policy to stimulate the economy and that this action comes as a surprise to most individuals and businesses. In the short run, the result will be
A) an increase in aggregate demand and a fall in the price level. B) a decrease in aggregated demand and a rise in the price level. C) a decrease in the average duration of unemployment and a decrease in the unemployment rate. D) an increase in the average duration of unemployment and an increase in the unemployment rate.
Economic policy
a. always follows economic theory. b. develops rules and principles of economics. c. is often modified by political and social considerations. d. All of these.
Refer to the figure above. This country has comparative advantage in good
A) S. B) T. C) Y. D) Z.
Which of the following is closest to the economist’s definition of perfect competition?
A. The airline industry B. The soft drink industry C. The fishing industry D. Cellular telephone service