Which of the following factors strengthens the case for policy activism?
A) flexible wages B) lack of real-business-cycles
C) sticky prices D) flexible prices
C
You might also like to view...
When crowding out occurs, interest rates typically
A. fluctuate. B. remain constant. C. decrease. D. increase.
One of the successes of the European Union (EU) is that banks have "passporting rights," which means that
A. banks in the EU are not required to follow the policies of a central monetary authority. B. banks in the EU can sell financial services to any EU country without regulatory barriers. C. banks in the EU have the authority to issue EU passports and travel visas to any citizen of a member country. D. banks in the EU have unlimited access to foreign financial capital.
Suppose people value clean air more as their incomes increase, then
A. the marginal benefit curve of pollution abatement to shift left, increasing the degree of air quality. B. the marginal cost curve of pollution abatement to shift left, increasing the degree of air quality. C. the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality. D. the marginal benefit curve of pollution abatement to shift right, increasing the degree of air quality.
In considering pounds and dollars we can say that when the dollar rate of exchange for the pound rises
A. the pound rate of exchange for the dollar will fall. B. the pound rate of exchange for the dollar will also rise. C. the pound rate of exchange for the dollar may either fall or rise. D. American net exports to Britain will tend to fall.