In order to close a recessionary gap, the Fed would
Answer: Increase the money supply.
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Applying the analysis from the California test scores to another U.S. state is an example of looking for
A) simultaneous causality bias. B) external validity. C) sample selection bias. D) internal validity.
Which of the following is legal under the Taft-Hartley Act?
A) closed shops B) collective bargaining C) secondary boycotts D) sympathy strikes
A firm's opportunity cost of using resources provided by the firm's owners is called:
A. sunk costs. B. fixed costs. C. explicit costs. D. implicit costs.
? Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase:
A. ?both the price level and real GDP. B. real GDP without raising the price level. C. the price level without affecting real GDP. D. ?the price level but reduce real GDP.