Increasing returns means that
A) each additional worker produces more than the worker before him/her.
B) each additional worker costs less.
C) marginal cost rises.
D) technology is having a negative impact on production.
A
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Based on the table above, the cost of the base period market basket in the base period is
A) $3,300. B) $21.00. C) $3,250. D) $4,650. E) $4,885.
Monetary policy could be procyclical if the Federal Reserve
A) is late recognizing that a recession has begun and does not conduct expansionary monetary policy. B) is late recognizing that a recession has begun and conducts expansionary monetary policy. C) is quick to recognize that a recession has begun and conducts expansionary monetary policy. D) is quick to recognize that a recession has begun and does not conduct expansionary monetary policy.
Refer to Figure 17-9. A(n) ________ would be depicted as a movement from A to D to C
A) increase in short-run aggregate supply B) supply shock, such as rising oil prices, C) implementation of contractionary monetary policy D) increase in aggregate demand
Which of the following would NOT be part of an expansionary fiscal policy?
A. Increased transfer payments to individuals and businesses B. Decreases in federal taxes on corporations C. Increased government tax revenues to sustain spending levels without borrowing D. An expanding federal deficit