The Federal Open Market Committee meets about
a. every six days.
b. every six weeks.
c. every six months.
d. every sixteen months.
b
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Tariffs ________ prices for domestic consumers and import quotas ________ prices for domestic consumers
A) lower; raise B) raise; also raise C) raise; lower D) lower; also lower
An "omitted variable" is
A) a variable that has no impact on other variables in an economic analysis. B) a variable which is purposely omitted from an economic analysis. C) a variable that affects other variables and its omission from economic analysis can lead to false conclusions about cause and effect. D) a variable which is inadvertently omitted from an economic analysis.
________ is an odorless and colorless gas, a product of the combustion of fossil fuels and burning wood. It is a leading cause of accidental poisoning in the U.S
a. Radon b. Carbon monoxide (CO) c. Nitrogen dioxide d. Sulfur dioxide
In this graph, more government purchases and/or lower taxes will move the equilibrium ______.
a. off the LRAS curve
b. off the SRAS curve
c. from point e1 to point E2
d. from point E2 to point e1