Critics of the Fed argue that after the 2001 recession, it used a policy that was ______.
a. too tight for too short
b. too tight for too long
c. too loose for too short
d. too loose for too long
d. too loose for too long
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Refer to Figure 18.4. With an import ban, how many gloves are produced domestically in Duckland?
A) 100 B) 80 C) 60 D) 0
When playing a game in which players are in direct competition with one another, it is best to ________ a mixed strategy because the strategy is ________
A) use; predictable B) use; unpredictable C) avoid; predictable D) avoid; unpredictable
When the economy slips into a recession, normally the demand for bonds ________, the supply of bonds ________, and the interest rate ________, everything else held constant
A) increases; increases; rises B) decreases; decreases; falls C) increases; decreases; falls D) decreases; increases; rises
The free-rider problem faced by private information-collection firms results in their
A) usually going out of business within a few years. B) collecting less than all the available information about the firms they investigate. C) being plagued by lawsuits. D) charging fees higher than can be justified by market conditions.