Economic policies are ineffective concerning quantities of output directly when
A. the aggregate demand is flat.
B. the economy is not producing at capacity.
C. the aggregate supply is vertical.
D. the aggregate supply curve is flat.
Answer: C
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This Application refers to quantitative easing, a policy that occurs when the Fed
A) changes the reserve requirement. B) purchases long-term securities. C) raises the discount rate. D) sells mortgage-backed securities.
In colonial Georgia,:
a. communal agriculture was successful. b. cotton plantations were flourishing by the early 1700s. c. the slave population assisted free colonists in defending the Florida border. d. slavery was initially prohibited.
Refer to the table shown. Marginal cost:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. decreases and then increases. B. never increases. C. increases and then decreases. D. never decreases.
A headline reads "Lumber Prices Up Sharply." In a competitive market, this situation would lead to a(n):
A. Increase in the price and quantity of new homes B. Decrease in the price and quantity of new homes C. Increase in the price of new homes and decrease in quantity D. Decrease in the price of new homes and increase in quantity