When output is below potential and the policy rate has hit the floor of zero, if policymakers do nothing, output will ________ and inflation will ________

A commercial bank's last resort for borrowing reserves is from the:

A) discount window. B) central government. C) federal funds market. D) foreign banks.

In the figure above, the allocatively efficient output of computers is

A) 2 million per year. B) 3 million per year. C) 4 million per year. D) the largest amount possible.