Which of the following is a possible reason for the improved economic performance between 1985 and 2007?
A) Demand Shocks have become smaller and less important.
B) Monetary and fiscal policy have become more effective.
C) Change in conditions that make monetary and/or fiscal policy more powerful.
D) All of the above
D
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The predecessor of TANF was Aid to Families with Dependent Children
a. True b. False
A price-taking firm will tend to expand its output as long as price exceeds average variable cost and: a. its marginal revenue is positive
b. its marginal revenue is greater than the market price. c. its marginal revenue is less than the market price. d. its marginal cost is less than the market price.
Which of the following would lead to a rightward movement along the demand curve for British pounds?
a. An increase in the dollar price of a pound b. A decrease in U.S. GDP c. A renewed interest in British beef products d. A decrease in the dollar price of a pound e. An increase in U.S. GDP.
If nominal wealth increases faster than real wealth:
A. real wealth must eventually decline. B. society is better off than if nominal wealth growth had matched real wealth growth. C. real wealth will eventually rise faster in order to catch up. D. asset inflation has occurred.