Refer to Figure 17-1. Suppose that the economy is currently at point A, and the unemployment rate at A is the natural rate. What policy would the Federal Reserve pursue if it wanted the economy to move to point C in the long run?
A) Increase the money supply.
B) Buy treasury bills.
C) Lower the discount rate.
D) Sell treasury bills.
E) No policy will move the economy to point C in the long run.
E
Economics
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Refer to the scenario above. The income per capita of Neoland is ________
A) $1,500 B) $1,200 C) $1,000 D) $7,200
Economics
For the period 1915 to 2005, educational improvements in the U.S. labor force contributed what percentage of real per-capita GDP growth?
A) 0.01 B) 15 C) 317 D) 34
Economics