If workers and firms can fully anticipate the price change in the economy from a particular policy
A) then the policy will not impact employment levels.
B) then the policy will not cause inflation.
C) then the policy will be effective at changing employment levels.
D) then the policy will be crowded out by the exchange rate.
A
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Financial markets pay close attention to changes in the federal funds rate because these changes ________.
A. indicate commercial bank lending policies B. indicate the Fed's plans for monetary policy C. directly affect the interest payments on the national debt D. directly affect a large volume of loans
Recall the Application about the wireless phone service provided by thousands of entrepreneurial women in Pakistan to answer the following question(s).Recall the Application. What makes the wireless telephone market in the United States not perfectly competitive?
A. There are many buyers and many sellers in the United States B. It is very expensive to enter the market in the United States. C. Wireless phone calls are a standardized product. D. All of these are correct.
Consider Figure 12.5. The dominant strategy in the prisoners' dilemma is:
A. to confess for both players. B. not to confess for both players. C. to confess for player A but not to confess for player B. D. to confess for player B but not to confess for player A.
Import substitution is the process of developing local industries to manufacture goods to
A. import. B. export. C. replace exports. D. replace imports.