The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 

Since 2008, the Fed has conducted a policy that involves direct lending to private firms. Those actions of the Fed are called

A) open market operations. B) quantitative easing. C) federal funds rate targeting. D) credit policies.

Environmental problems occur exclusively in capitalist economies

a. True b. False Indicate whether the statement is true or false