The congressional act passed in 1978 that established specific numerical goals for the unemployment rate and the inflation rate to be achieved by 1983 was the

Refer to Table 1-5. Using marginal analysis, how many hours should Julius extend his shop's hours of operations?

A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours

Expansionary monetary policy should be used if:

A) aggregate demand-aggregate supply equilibrium is below potential output. B) aggregate demand-aggregate supply equilibrium is above potential output. C) aggregate demand-aggregate supply equilibrium is equal to potential output. D) none of the above.