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Air pollution is an external cost because it

To produce financial stability, the Federal Reserve would want to

What will happen in the long run if businesses in perfect competition are experiencing losses?        

What does the government have to do when there is a budget deficit?

A consumer is in equilibrium when the

The Federal Reserve’s most-used policy tool is open market operations, with which it can control short-term interest rates.  

As a result of changes in cyclical unemployment, the unemployment rate ________ from 2009 to 2014.

Borrowing generally slows an economy down because borrowers must pay interest as well as returning the principal of the loan.

When financial institutions borrow from the Federal Reserve, this is called  

In order to practice quantitative easing (QE) to bring down long-term interest rates, the Fed should