Author Question: The effects of the negative supply shocks of 1973, 1979 and 2007 were different due to the ________. ... (Read 82 times)

khang · **on:** Jun 30, 2018

The effects of the negative supply shocks of 1973, 1979 and 2007 were different due to the ________.

A) role played by rational expectations in the 1979 event
B) different sources of the supply shocks
C) credibility of the monetary authorities
D) different individuals who led the Federal Reserve System

Question 2

As firms use more and more of an input, ________.

A) the marginal product of other inputs tends to increase
B) the marginal product of the input declines
C) the price of the input may increase
D) all of the above
E) none of the above