QE2 was an effort to revive the economy in 2010 and 2011. It relied on
A. new tools of monetary policy.
B. discretionary fiscal policy.
C. the traditional tools of monetary policy.
D. all of the options are correct.
Answer: A
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When deciding whether to engage in an activity or how much to do, people should follow
A) the principle of microeconomics. B) the marginal principle. C) the principle of macroeconomics. D) the law of supply and demand.
Refer to Table 3.2, which shows some costs and benefits of having your car repaired. Suppose your mechanic charges a non-refundable fee of $100 just for scheduling an appointment. What happens to the best choice of hours to spend on car repairs?
A. It increases by 1 hour. B. It decreases by 1 hour. C. It doesn't change. D. It decreases by 2 hours.
The short-run average total cost curve is U-shaped because average fixed costs ________ and average variable costs ________ eventually as quantity produced increases.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease
Since the year 1959, the poverty rate has
A. increased very slightly. B. increased significantly. C. decreased significantly. D. remained almost unchanged.