______ occurs when the Fed buys long-term securities, thus driving down long-term interest rates and encouraging spending.
a. Quantitative speculating
b. Quantitative easing
c. Qualitative speculating
d. Qualitative easing
b. Quantitative easing
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All countries tend to have about the same tariff levels
Indicate whether the statement is true or false
Indifference curve analysis is based on a mythical unit called a util
a. True b. False Indicate whether the statement is true or false
Excludability is the property of a good whereby
a. one person's use diminishes other peoples' use. b. a person can be prevented from using it. c. the government rations the quantity of a good that is available. d. the resource is congestible.
Assume that movement from point A to point B represents a 25 percent change in the price level. What would be the corresponding short-run change in the price of inputs?
a. 100 percent
b. 50 percent
c. 25 percent
d. no change