Monetary policy is most likely to result in inflation when the aggregate supply curve is
A. Horizontal and the Fed lowers the reserve ratio.
B. Horizontal and the Fed sells securities.
C. Vertical and the Fed raises the reserve requirement.
D. Vertical and the Fed lowers the discount rate.
Answer: D
Economics
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In the above figure, the relationship between costs and quantity is negative
A) between point A and point B. B) between point B and point C. C) along the entire curve. D) nowhere along the curve.
Economics
Which of the following will lead to a decrease in the firm's short-run demand for labor?
A) an increase in the price of the final product B) an increase in price of the final product's substitute good C) a decline in labor productivity D) an increase in the number of buyers for the final product
Economics