Shifts in the long-run aggregate supply curve are caused by:
What will be an ideal response?
changes in labor productivity.
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The time that elapses between the implementation of a policy and its intended result is referred to as
A) the action time lag. B) the recognition time lag. C) the effect time lag. D) the data lag.
Owners of municipal bonds
a. are not required to pay federal income tax on the interest income. b. usually receive a higher interest rate compared to bonds issued by corporations. c. usually receive a higher interest rate compared to stock issued by corporations. d. pay taxes on the dividends earned from these bonds.
The quantity of securities held by the Federal Reserve is controlled through:
A. the U.S. Treasury. B. the purchases made by the regional Reserve banks. C. the Fed's annual budget. D. open market operations.
Her marginal utility of her fifth scented candle would be
Table: Demand and Utility Schedules for packs of scented candles
A. $4.
B. $5.
C. $20.
D. $26.