A price floor keeps a price:
a. from rising above a certain level.
b. from decreasing below a certain level.
c. at a stabilized point.
d. from increasing or decreasing.
b. from decreasing below a certain level.
A price floor keeps a price from decreasing below a certain level.
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The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that?
a. 1% b. 2% c. 3% d. 4%
A government-sponsored good is often
A. advertised. B. subsidized. C. taxed. D. inhibited by the government.
A firm that buys foreign exchange in order to take advantage of higher foreign interest rates is
A) speculating. B) demonstrating purchasing power parity. C) engaging in interest rate arbitrage. D) responding to fluctuations in the business cycle.
What fiscal policies can be used to get the economy out of a contractionary gap?
a. Increase tax rates and increase government spending. b. Decrease tax rates and decrease government spending. c. Decrease tax rates and increase government spending. d. Increase tax rates and decrease government spending.