Which of the following did the Fed do during the recession of 2008-2009?
a. lowered the federal funds rate and sold securities and loans
b. lowered the federal funds rate and purchased securities and loans
c. raised the federal funds rate and sold securities and loans
d. raised the federal funds rate and purchased securities and loans
b
Economics
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Refer to Table 11.1. If the marginal propensity to consume decreases to 0.05 (MPC = 0.05), what is the new equilibrium level of output?
A) 2,366.67 B) 3,166.67 C) 3,550.00 D) 4,750.00
Economics
The price elasticity of a vertical demand curve is always
a. infinitely large. b. zero. c. one. d. increasing as price increases.
Economics