Deregulation, especially for the transportation and telecommunication industries, was the trend in the United States during the:

Which of the following is likely to happen if the Fed conducts a contractionary monetary policy?

A) Labor demand will increase. B) The nominal interest rate will decrease. C) The stock of money in the economy will decrease. D) Banks will make more loans.

Different points on a production possibilities curve:

A) yield the same values of total output. B) yield different values of total output. C) have the same values of slope, if the production possibilities curve is non-linear. D) can be achieved simultaneously