The lag between an increase in government spending and the impact of this increased spending on the economy is called the __________ lag
A) effectiveness
B) transmission
C) legislative
D) data
A
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According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country
Indicate whether the statement is true or false
Which of the following is illegal under the Sherman Antitrust Act?
a. Attempts to monopolize. b. Price fixing. c. Formation of cartels. d. All of these are illegal under the Sherman Antitrust Act.
The economy has been slowing, and the Fed wants to quickly give it a meaningful boost. However, the Fed does not want to make a public announcement or engage in a lot of political debate. Of the tools available to the Fed, which is its best option?
a. discount rate management b. interest rate changes c. reserve requirement alterations d. open market operations
If the quantity of money supplied ________ the quantity demanded, in the long run the value of money ________
A) is less than; does not change unless the Fed increases the money supply B) exceeds; falls as people spend their surplus money C) is less than; falls as people spend their surplus money D) exceeds; rises as people buy bonds E) equals; equals zero