Monetary policy will be most effective when
A) the IS curve is flat and the LM curve is flat.
B) the IS curve is steep and the LM curve is flat.
C) the IS curve is flat and the LM curve is steep.
D) the IS curve is steep and the LM curve is steep.
C
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The following table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPUGHzTotal BenefitMarginal BenefitTotal CostsMarginal Costs2.0$1,000 $900 2.5$1,400 &1003.0 $300$1,200 3.5$1,900 &1,500 4.0$2,000 &400The marginal benefit of upgrading from a 2.0GHz computer to a 2.5GHz computer is:
A. $400. B. $1,400. C. $1,000. D. $100.
Since it is a centrally planned economy, China does not face opportunity costs when economic decisions are made.
Answer the following statement true (T) or false (F)
According to neoclassical growth theory, the higher real GDP per person from economic growth will
A) not last because the population will increase. B) last because there is no link between growth and population. C) last indefinitely regardless of any other factor. D) last as long as technological change continues.
A ________ is owned by its stockholders
A) sole proprietorship B) partnership C) corporation D) All of the above are correct.