Pick the true statement below:
A) All scarce goods are normal goods.
B) All scarce goods are inferior goods.
C) A normal goods is a scarce good.
D) An inferior good is a bad.
C
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Which theory best explains the wealth inequalities amongst nations?
A) weather B) government institutions C) natural selection D) factors outside of any human control E) levels of corruption
Average cost curves have the same shape as
a. total cost curves. b. marginal cost curves. c. total fixed cost curves. d. average fixed cost curves.
The monetary stimulus post-September 11, 2001, achieved some desired effects within the year
a. True b. False Indicate whether the statement is true or false
For this question, assume that the Fed sets monetary policy according to the Taylor rule. Suppose current U.S. macroeconomic conditions are represented by the following: ? > ??* and u < un. Given this information, we would expect that the Fed will
A) implement a monetary contraction. B) implement a monetary expansion. C) maintain its current stance of monetary policy. D) more information is need to answer this question.