Suppose the economy is producing at the natural rate of output. An open market purchase of bonds by the Fed will cause ________ in real GDP the the short run and ________ in inflation in the short run, everything else held constant

A supply schedule shows

a. the "market potential" for a product. b. how much producers are willing and able to sell at different prices. c. possible combinations of output under different conditions. d. how much consumers would like to buy at different prices. e. All of the above are correct.

Which of the reasons given for tariff protection make consumers better off by generating lower prices?

A) infant industry argument B) protecting U.S. jobs argument C) anti-dumping argument D) None provides lower prices for domestic consumers.