When obtaining information is costly, competition is
A) less effective at forcing prices down.
B) more effective at forcing prices down.
C) only effective at forcing prices u
A
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When optimizing in levels, if the ________ exceeds the ________, Project A is chosen over Project B
A) marginal benefits of Project B; marginal benefits of Project A B) net benefits of Project A; net benefits of Project B C) total benefits of Project A; total benefits of Project B D) marginal cost of Project A; marginal costs of Project B
Which of the following sequences best explains the negative slope of the aggregate-demand curve?
a. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ? b. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ? c. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ? d. price level ? ? equilibrium interest rate ? ? demand for money ? ? quantity of goods and services demanded ?
How did the original focus of the IMF differ from that of the World Bank?
A. The IMF dealt in North and South America only, and the World Bank dealt with the rest of the world. B. The IMF gave grants to developing countries and the World Bank made loans. C. The IMF assisted wealthy nations and the World Bank assisted developing nations. D. The IMF provided short-term loans and the World Bank provided long-term loans.
The level of GDP, ceteris paribus, will tend to increase when:
A. Reserve requirements are increased B. There is an increase in the discount rate C. The Federal Reserve buys government securities in the open market D. The Federal Reserve sells government securities in the open market