Which of the following is NOT a function of the International Monetary Fund?
A. administer an international foreign exchange system
B. serve as lender of last resort for national governments
C. establish and administer each nation's fiscal and monetary policies
D. establish the SDR system nations utilize to settle international payment obligations
Answer: C
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The price effect is smaller when there:
A. are fewer firms. B. are more firms. C. is more demand. D. is less demand.
Compared to the 1950s, 60s, and 70s, today we have _______ strikes involving large numbers of workers.
A. substantially more B. somewhat more C. about the same number of D. substantially fewer
Figure 21-1
In Figure 21-1, a reform in the distribution system that achieves the same distribution with less damage to work incentives is represented by a move from which points?
A. A to B B. C to G C. C to F D. B to C
Because the prices of final goods and services tend to increase more quickly than the prices of inputs, the short run aggregate supply curve is:
A. perfectly elastic. B. upward sloping. C. downward sloping. D. perfectly inelastic.