Suppose there is a simultaneous fiscal expansion and monetary expansion. We know with certainty that

A) output will increase.
B) output will decrease.
C) the interest rate will increase.
D) the interest rate will decrease.
E) both output and the interest rate will increase.


A

Economics

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Marginal revenue for an oligopolist is

A) identical to the demand for the firm's product. B) difficult to determine because the firm's demand curve is typically unknown. C) horizontal on a price-quantity diagram. D) downward sloping beneath the firm's demand curve.

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Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U.S. has been

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A bank's costs include all of the following EXCEPT

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