If inflation is the major problem in the economy, which of the following would be an appropriate monetary policy response?
a. decreasing government spending
b. decreasing the discount rate
c. decreasing reserve requirements
d. none of the above
d
Economics
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What is the difference between a business cycle and the day-to-day ups and downs of the market?
What will be an ideal response?
Economics
Which of the following will NOT be true if the antitrust laws are successful?
A) Producers will earn zero economic profits in the long-run. B) Firms will not restrict output. C) Firms will produce the competitive output. D) Firms will produce the quantity at which marginal cost equals marginal revenue and charge a price that is greater than marginal cost.
Economics