There is an adverse supply shock. In response the Federal Reserve pursues an expansionary monetary policy. Taking into account both the shock and the Federal Reserve's policy, which of the following are we sure of?

a. unemployment will be higher
b. unemployment will be lower
c. inflation will be higher
d. inflation will be lower

c

Economics

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Household production is more likely to occur when

a. it requires many specialized resources b. technology makes it more costly than market production c. tax avoidance is desirable d. less control over the final product is desirable e. the opportunity cost of household production is high

Economics

If Happy Chickens sells its eggs only in 12 carton packages, this is an example of ________.

A) linear pricing B) two-part pricing C) commodity bundling D) an all-or-nothing offer

Economics