Discrimination that occurs when people's preferences cause them to discriminate against a certain group is referred to as:
A) group discrimination.
B) special interest group discrimination.
C) cultural discrimination.
D) taste-based discrimination.
D
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Short-run macroeconomic equilibrium occurs when
A) structural and frictional unemployment equal zero. B) the equilibrium lies on the long-run aggregate supply curve. C) aggregate demand and short-run aggregate supply intersect. D) A and B
The monopoly maximizes profit by setting
A) price equal to marginal cost. B) price equal to marginal revenue. C) marginal revenue equal to marginal cost. D) marginal revenue equal to zero.
A parallel or black market often arises as a result of which of the following?
A. High domestic interest rates B. Exchange controls C. Floating exchange rate regime D. Official intervention
Which one of the following is an example of discretionary fiscal policy used to correct an inflationary gap?
A) an increase in government expenditures approved by Congress B) decrease in the money supply by the Federal Reserve C) a tax increase passed into law by Congress D) an agreement among major banks to lower interest rates