If the Fed wants to fight inflation, it will ________ the federal funds rate in order to ________
A) raise; decrease aggregate supply
B) raise; increase aggregate supply
C) raise; decrease aggregate demand
D) lower; decrease aggregate demand
E) lower; increase aggregate supply
C
Economics
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In the above figure, what quantity will a single-price monopolist produce?
A) Q1 B) Q2 C) Q3 D) Q4
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A price ceiling below the market clearing price results in I. excess quantity demand II. excess quantity supplied III. entry of new producers
A) I only B) II only C) III only D) Both I and III
Economics