It is more profitable for a firm to be_______ than ________

When the yield curve is flat or downward-sloping, it suggest that the economy is more likely to enter

A) a recession. B) an expansion. C) a boom time. D) a period of increasing output.

Suppose the federal reserve implements expansionary monetary policy where the money supply increase which of the following will tend to occur in the long run as a result of the monetary loftily action

A) Output and the price level will both increase. B) Output will increase with no change in the price level. C) An if read in the price level and no change in output D) No change in either the price level or output