If the economy slips into recession, the fed the federal funds rate, which the short-minus-term interest rate, and the quantity of money. will give brainliest! a. raises; lowers; increases b. raises; lowers; decreases c. lowers; lowers; decreases d. lowers; raises; increases e. lowers; lowers; increases

The answer is: B  

raises; lowers; decreases  

Explanation:

If the economy slips into recession, the Fed raises the federal funds rate (to cope up with the recession)

which lowers the short-minus-term interest rate (so that people are encouraged to borrow more),

and decreases the quantity of money (by decreasing the quantity of money, the value of money will increase and it will help the economy to recover.)  

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.