If the Fed wants to reverse the effects of a favorable supply shock on unemployment, it should
a. increase the money supply growth rate which raises the inflation rate.
b. increase the money supply growth rate which reduces the inflation rate.
c. decrease the money supply growth rate which raises the inflation rate.
d. decrease the money supply growth rate which reduces the inflation rate.
d
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In the figure above, the quantity of sugar beets produced is ________ million tons per year, and the quantity bought by consumers is ________ million tons per year
A) 30; 20 B) 20; 30 C) 25; 20 D) 20; 25 E) 25; 25
Regulators employ average cost pricing instead of marginal cost pricing because
A. the price is lower with average cost pricing. B. price must be high enough to cover all opportunity costs if the firm is to stay in business. C. average cost pricing is more efficient than marginal cost pricing. D. average cost pricing is simpler to compute than marginal cost pricing.