The price and wage freeze imposed by President Nixon were totally successful in eliminating inflationary pressures in the United States
Indicate whether the statement is true or false
F
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Cooperation among different people can occur
A) even if most people know nothing about one another. B) only if at least 10% of the people know one another personally. C) only if the majority of people know one another personally. D) only if everybody knows one another personally.
Which of the following DOES NOT contribute to the market power of a firm?
A) number of available substitutes B) the color of the product C) legal protections D) the number of firms in the market
Which of the following solutions to recessions came from the short-run macro model?
a. A non-interventionist wait and see solution b. Increasing taxes c. Decreasing the federal deficit to jump-start the economy d. Increasing government spending to jump-start the economy e. None of the above
If the U.S. exports passenger jet aircraft, what is the effect in the foreign exchange market?
a. It will create demand for U.S. dollars. b. It will reduce demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.