If total output increases from $100 billion to $200 billion as population increases from 100 million to 150 million, then output per person:

In the Taylor rule, does the target for the federal funds rate respond differently for a recession caused by a decrease in aggregate demand and for a recession caused by a decrease in short-run aggregate supply? Explain whether there is or is not a

difference in how the target for the federal funds rate changes.

The government's ability to coerce can enhance economic efficiency by:

A. eliminating income inequality. B. correcting market failures. C. preventing resources from going to their most valued uses. D. restraining self-interest.