Which of the following situations can make the Fed’s monetary policy less effective?
a. Both political parties support the fiscal policy and monetary policy.
b. The fiscal policy requires less money to implement than the monetary policy.
c. The fiscal policy has more popular support than the monetary policy.
d. The fiscal policy and monetary policy have different goals.
d. The fiscal policy and monetary policy have different goals.
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Most total product curves have
A) first increasing and then decreasing marginal returns to labor. B) output first increasing and then decreasing as labor is added. C) first decreasing and then increasing marginal returns to labor. D) output increasing at an increasing rate as labor is added.
Temporary discounts offered to customers by competitive retailers usually reflect:
a. output rationing. b. a rise in market demand. c. price discrimination. d. a fall in input prices.
If the marginal propensity to consume is 0.8, every $10 increase in disposable income increases
a) consumption expenditure by $0.80 b) consumption expenditure by $80 c) saving by $0.20 d) consumption expenditure by $8
Growth is advantageous to a nation because it:
A. promotes faster population growth. B. lessens the burden of scarcity. C. eliminates the economizing problem. D. slows the growth of wants.