After the September 11, 2001 terrorist attacks, non-defense, non-homeland security government spending
A. increased, but at a rate almost exactly the same as it had before the attacks.
B. increased at a rate much faster than it had before the attacks.
C. was cut.
D. increased, but at a rate much slower than it had before the attacks.
Answer: B
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A movement along the MP curve ________
A) implies an automatic adjustment of the interest rate B) implies an autonomous adjustment to the interest rate C) implies an autonomous adjustment of aggregate demand D) all of the above E) none of the above
Relative to a perfectly competitive market, as long as the monopolist does not benefit from substantial economies of scale,
a. price and quantity are higher under monopoly b. price and quantity are lower under monopoly c. quantity is higher and price is lower under monopoly d. quantity is lower and price is higher under monopoly e. there are no differences in price and quantity