According to the Taylor Rule, for a given inflation rate, ________
A) every percentage point increase in the inflation rate increases the federal funds rate by 1.5 percentage points
B) if bank reserves double, the federal funds rate should double
C) every percentage point increase in the nominal interest rate increases the federal funds rate by 1 percentage point
D) if nominal output doubles, the federal funds rate should double
A
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Refer to the figure below. If the price of soda is $1.25 per can, then the quantity of soda demanded in the market each week is: 
A. 40 B. 10 C. 30 D. 0
What will be the principal and most immediate effect on the supply or demand of raw cotton grown in the United States if a low-cost process for making cotton cloth wrinkle-free is developed?
A) Decrease in demand B) Decrease in supply C) Increase in demand D) Increase in supply
Why are math and graphics used in economic models?
Total utility will be at its maximum when
a. marginal utility is negative. b. marginal utility is positive. c. marginal utility is maximized. d. marginal utility is zero.