An expansionary monetary policy is likely to increase real output more than just temporarily:
a. when actual output currently is beyond the economy's long-run capacity.
b. when the economy currently is at full employment
c. when the economy currently operates at less than capacity.
d. at virtually any output level.
c
Economics
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Refer to the payoff matrix below, which ________ a prisoner's dilemma. If both countries go it alone, Home will choose Policy ________ and Foreign will choose Policy ________
A) is; 1; A B) is; 2; B C) is; 1; B D) is not; 2; B E) is not; 1; A
Economics
If AVC=$5 and AFC=15, then AC=
a. $15 b. $5 c. $20 d. $10
Economics