Which of the following monetary policies could reduce the amplitude of oscillations of output around its natural level?
A) raising interest rates before actual output attains its natural level
B) lowering interest rates when an economy is still overheated
C) lowering interest rates when output is above its natural level
D) all of the above.
D
Economics
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When the price of a hot dog rises 10 percent, your expenditure on hot dogs increases. Hence, it is certain that
A) hot dogs are a normal good for you. B) hot dogs are an inferior good for you. C) your demand for hot dogs is elastic. D) your demand for hot dogs is inelastic.
Economics
Corporations produce most of the output in the United States
a. True b. False Indicate whether the statement is true or false
Economics