When the Fed worries about inflation, it ________ the federal funds rate and, in the short run, ________ the real interest rate
A) raises; raises
B) raises; lowers
C) lowers; lowers
D) does not change; the Fed raises
E) lowers; raises
A
Economics
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Gross domestic product in the economy is measured by the
A) total number of services produced in the economy. B) dollar value of all final goods and services produced in the economy. C) total number of goods and services produced in the economy. D) total number of goods produced in the economy.
Economics
The following figure shows the demand and cost curves facing a firm with market power in the short run.
The firm earns profits of
A. $120. B. $180. C. $300. D. $150. E. $75.
Economics