Gradually over the last two decades, ________ policy has emerged as the major stabilization policy tool in the United States
A) monetary
B) fiscal
C) exchange rates
D) deregulatory
A
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If the reserve requirement were 15% percent, the value of the monetary multiplier would be
A. 5.50. B. 8.54. C. 7.32. D. 6.67.
The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. Using the figure, how much tax revenue does the government raise?
A) $20,000 B) $40,000 C) $60,000 D) $80,000
Moral hazard is an important concern of insurance arrangements because the existence of insurance
A) provides increased incentives for risk taking. B) is a hindrance to efficient risk taking. C) causes the private cost of the insured activity to increase. D) creates an adverse selection problem but no moral hazard problem.
Three hundred firms supply the market for paint. For fifty of the firms, their short-run average variable costs are minimized at $10 and short-run total costs are minimized at $15
For the remaining firms, the short-run average variable costs and short-run average total costs are minimized at $20 and $25, respectively. If each firm has a U-shaped marginal cost curve then the short-run market supply curve is A) U-shaped too B) kinked at $10 C) kinked at $15 D) kinked at $20 E) kinked at $25