Which of the following economic variables is affected when the central bank adopts countercyclical monetary policy?
A) Interest rates B) Personal income tax rates
C) Government spending D) Corporate tax rates
A
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If an excess quantity of labor demanded exists in a free market, there is a tendency for
A) quantity supplied to rise. B) the wage rate to fall. C) quantity demanded to fall. D) the wage rate to rise.
In which of the following ways is monopolistic competition similar to the monopoly market?
a. Both have a vertical demand curve. b. Both have a horizontal demand curve. c. Both have an upward-sloping demand curve. d. Both have a downward-sloping demand curve.
Why do yield curves usually slope upward?
What will be an ideal response?
Which of the following contributes to a firm maintaining a monopoly?
A. Homogeneous products in the market. B. A large number of firms in the industry. C. The existence of substitute goods. D. Exclusive franchises.