Recently, many well known producers such as Walmart, Columbi…

Recently, many well known producers such as Walmart, Columbia Sportswear, and Autozone have announced price increases in light of new tariffs places on imported goods that are widely used throughout the US economy. Inflation numbers have been relatively stable over the past few months. Which of the following explains these firms’ decision to raise prices?

Suppose that unemployment has been high for a prolonged peri…

Suppose that unemployment has been high for a prolonged period of time and the FED is trying to use monetary policy to get back to the full level of employment. Which curve reflects the best course of action? (Assume first graph is A, second graph is B, etc.)                          Graph A                           Graph B                            Graph C                            Graph D                             

For questions 28-30 use the following information. Jill, a l…

For questions 28-30 use the following information. Jill, a local restaurant owner, notices that business has been booming since the government announced a decrease in income tax rates. She decides to increase her menu prices and hire more workers as a result. After a few months, Jill’s suppliers increase prices and her waiters begin to ask for hire wages. Jill begins to lay off some of her workers because her costs of operating have becoming significantly higher and she believes they will continue to increase with time. Which graph correctly reflects what Jill and other restaurants are going through?                         Graph A                                                                             Graph  B                               Graph C