The statement "The income tax is unfair to those who work hard to earn their incomes" is an example of positive economic analysis
a. True
b. False
Indicate whether the statement is true or false
False
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The Fed responds to money demand shocks by
a. changing the velocity of money b. changing the money supply c. following the money creation rules responsible for its success in the past two decades d. increasing the required reserve ratio e. changing its definition of the natural rate of unemployment
Opportunistic disinflation occurs when policymakers:
A. take advantage of positive supply shocks. B. change the target inflation rate. C. are able to permanently lower inflation. D. all of the answers given are correct.
Refer to the figure above. What is the quantity supplied in the market when the market is perfectly competitive?
A) 30 units B) 45 units C) 60 units D) 90 units
"Price discriminators lose money by being nice to their customers." Is the previous statement correct or incorrect?
What will be an ideal response?