If inflation is a threat, then the Fed will be expected to engage in

A) expansionary monetary policy.
B) contractionary monetary policy.
C) policies to increase the money supply.
D) policies to lower the rate of interest.

Ans: B) contractionary monetary policy.

Economics

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________ increases with education, training, and job experience

i. Physical capital ii. Human capital iii. Financial capital A) i only B) ii only C) iii only D) both ii and iii E) i, ii, and iii

Economics

Menu costs refer to the: a. costs of changing price lists

b. start-up costs incurred by a firm that cannot be recovered. c. costs of the alternatives that must be forgone in order to pursue a certain action.. d. costs of producing an extra unit of output.

Economics