In November 2008, the Fed began its first round of quantitative easing. In total, the Fed conducted ________ rounds of quantitative easing before ending the program in October 2014
A) 2
B) 3
C) 4
D) 5
Answer: B
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The alternative quantities demanded for a given time period at different possible prices is known as
A) absolute demand. B) a demand schedule. C) real demand. D) constant demand.
According to the graph shown, consumer surplus is area:
A. A + B + C.
B. B.
C. A.
D. A + B.
Calculating the value of an economy is more complex than just adding up the value of every single thing that is produced because that would lead to:
A. overcounting, as there is a mark-up in everything that is sold. B. undercounting, as only observable markets can be recorded. C. overcounting, as the value of intermediate products would be counted twice. D. undercounting, as most goods are not sold in retail markets.
Acres of LandTanks of FertilizerTruckloads of Potatoes2002820170202105203135204152205141
Refer to Table 2.4. What can be observed about the given resources?
A. Land is variable but fertilizer is fixed. B. Land and fertilizer are both fixed. C. Land and fertilizer are both variable. D. Land is fixed but fertilizer is variable.