Autonomous easing of monetary policy involves ________
A) raising interest rates and shifting the MP curve to the right
B) lowering interest rates and shifting the MP curve to the left
C) raising interest rates and shifting the MP curve to the left
D) lowering interest rates and shifting the MP curve to the right
E) none of the above
D
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A student athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise
A) is the benefit she gets from all the hours she's worked out all week. B) is the benefit she receives from exercising the additional hour. C) is less than the marginal cost of the additional hour. D) depends on the cost of the workout.
A credit constraint is:
A. the inability to get a loan even though a person expects to be able to repay the loan plus interest. B. the inability to repay a loan even though a person has acceptable credit history. C. the ability to take on more loans than one can repay. D. the maximum amount of load one is entitled to take.
The ________________ program has often been popular with both economists and the general public because of the way it effectively increases the payment received for work. On average, benefits from this program come to less than $2,300 per family with children.
a. Temporary Assistance for Needy Families (TANF) b. Supplemental Nutrition Assistance Program (SNAP) c. Aid to Families with Dependent Children (AFDC) d. Earned Income Tax Credit (EITC)
Traffic lights would be considered:
A. an artificially scarce good. B. a private good. C. a public good. D. a common resource.