Inflation targeting has been adopted by the central banks of several countries including the European Central Bank
Indicate whether the statement is true or false
TRUE
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Refer to the table above. If exports increase by $4,000 in the next year, ________, all other variables remaining unchanged
A) trade surplus will increase by $2,000 B) trade deficit will increase by $2,000 C) gross domestic product will increase by $4,000 D) gross domestic product will decrease by $4,000
Since the 1930s, the Fed's most important tool for controlling the money supply has been
A) setting the discount rate. B) setting reserve requirements. C) moral suasion. D) open-market operations.
If regulators required firms in monopolistically competitive markets to set price equal to marginal cost,
a. firms would respond by lowering their costs. b. firms would require a subsidy to stay in business c. new firms that enter the market would operate at efficient scale. d. the most efficient firms would not be affected.
Complete the following statement. The legal obligation created by the U.S. Congress to provide medical care for the elderly and indigent creates _____.
a. a natural right to medical care for these two groups b. a negative right c. guaranteed access to treatment by all medical care providers d. an entitlement subject to future changes based on shifts in public sentiment e. a freedom-preserving right