The Federal Reserve Bank attempted to deal with the sluggish aggregate demand that followed the housing market crash and subsequent financial crisis through:
A. contractionary fiscal policy.
B. contractionary monetary policy.
C. expansionary monetary policy.
D. expansionary fiscal policy.
Answer: C
Economics
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Product differentiation complicates the study of oligopolies because such markets may not:
a. be efficient. b. have prices equal to marginal cost. c. have free entry and exit. d. obey the law of one price.
Economics