Those who prefer that the Fed react to negative supply shocks by tolerating higher rates of inflation as a means of moderating a recession are called

a. inflation doves
b. inflation hawks
c. monetarists
d. Keynesians
e. hard headed and soft hearted

A

Economics

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Points below a firm's total product curve are

A) both attainable and technologically efficient. B) neither attainable nor technologically efficient. C) attainable but not technologically efficient. D) technologically efficient but not attainable.

Economics

Refer to Table 9-12. Which country has a comparative advantage in producing swords?

A) Estonia B) Morocco C) both countries D) neither country

Economics