The degree to which the public believes the central bank's announcements about future policy is its
A. reputation.
B. credibility.
C. openness.
D. transparency.
Answer: B
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Given the information in the table above. If these two countries trade these two goods in the context of the Ricardian model of comparative advantage, then what is the lower limit of the world equilibrium price of widgets?
What will be an ideal response?
Game theory is a model for describing oligopoly price decisions among firms that are:
a. interdependent. b. independent. c. regulated d. merging
The minimum efficient scale is same across all industries irrespective of the types of goods they produce
a. True b. False Indicate whether the statement is true or false
Which of the following describes the law of diminishing control?
A. After regulations are enacted, institutions find ways around the regulations. B. The Federal Reserve Bank cannot impact excess reserves and the money supply. C. Financial institutions have few ways to assess the solvency of borrowers. D. As people engage in leverage, they have less and less control over the price of the asset.