Referring to the Economic Stimulus Act of 2008, the expansionary effect of the government stimulus was overwhelmed by the continuing deterioration in credit market conditions
Everything else held constant and using the ISLM model, the net effect would cause the ________ curve to ________ and output will ________. A) IS; shift left; decrease
B) IS; shift right; increase
C) LM; shift right; increase
D) LM shift left; decrease
A
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The gross domestic product of a small country is $4,150,000 and the size of its employed labor force is 5,000. The income per worker of the country is ________
A) $620 B) $213 C) $830 D) $445
The elasticity of supply for paintings by Monet is
A) perfectly elastic. B) perfectly inelastic. C) unit elastic. D) inelastic.
The decreasing portion of a firm's long-run average cost curve is attributable to
a. diminishing returns to scale b. increasing marginal cost c. economies of scale d. diseconomies of scale e. constant returns to scale
If the Fed wants to discourage commercial bank lending, it will:
A. increase the interest paid on reserves held at the Fed. B. decrease the interest paid on reserves held at the Fed. C. buy government securities from commercial banks. D. lower the federal funds rate target.