The LM curve is the combinations of
A) the output gap and the real interest rate for which the money market is in equilibrium.
B) the inflation rate and nominal interest rate for which the money market is in equilibrium.
C) the inflation rate and real interest rate for which the money market is in equilibrium.
D) the inflation rate and real interest rate for which the goods market is in equilibrium.
A
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If the marginal tax rate is less than the average tax rate, the tax system is
A) progressive. B) proportional. C) regressive. D) liberal.
The Federal Reserve System is
a. controlled by the Department of the Treasury. b. the central bank for the United States. c. completely similar to the Bank of England. d. All of the above are correct.
What is the marginal revenue of producing the third unit?No. units producedTotal RevenueTotal Costs0001100502180110325018042902705310380
A. 0 B. 70 C. 90 D. 250
Refer to the given data. If the unemployment rate in the economy fell to 6 percent, we could conclude that:
Answer the question on the basis of the following information for a specific year in a
hypothetical economy for which Okun's law is applicable:
A. only structural unemployment remained.
B. the economy's production possibilities curve shifted outward.
C. the economy had moved from a point inside its production possibilities curve to a point on or very near the curve.
D. nominal GDP would rise, but real GDP would fall.