Ken and Traci are two woodworkers who both make tables and chairs. In one month, Ken can make 3 tables or 18 chairs, whereas Traci can make 8 tables or 24 chairs.. Given this, we know that

Which of the following is not an appropriate policy for a central bank to follow if the economy is plagued with deflation?

A) consistently pursuing policy to promote the credibility of the central bank B) explicitly and credibly targeting inflation C) using expansionary monetary policy to drive down interest rates D) increasing the target interest rate on overnight loans

The Black Death in fourteenth-century Europe resulted in

a. a lower marginal product of labor of surviving workers. b. a higher marginal product of labor of surviving workers. c. economic hardship for surviving peasants. d. economic prosperity for surviving landowners.