In response to the financial crisis of 2007 and the ensuing recession, the Fed announced three rounds of "quantitative easing," where the Fed purchased billions of dollars of securities
What impact would quantitative easing have on the monetary base? A) The monetary base would increase.
B) The monetary base would decrease.
C) The monetary base would not change.
D) While the monetary base would change, it is impossible to predict in which direction.
A
Economics
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As a firm hires more labor in the short run, the
A) extra output of another worker may rise at first, but eventually must fall. B) costs of production are increasing at a fixed rate per unit of output. C) level of total product stays constant. D) output per worker rises.
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Which of the following is NOT a type of externality?
A. Negative externality B. Positive externality C. Market externality D. Network externality
Economics