The federal funds rate is set directly by the Fed.

Output per person must be ________ output per worker.

A. equal to B. less than or equal to C. no more than half the size of D. greater than or equal to

If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:

A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.