Describe the policy of "outright monetary transactions" or 0MT presented by the president of the European Central Bank in 2012
What will be an ideal response?
The ECB is now committed to purchase sovereign bonds of euro zone countries, potentially without limit, in order to control interest rates in the euro zone.
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Refer to Figure 18-6. Which country has the more unequal distribution of income?
A) Syldavia B) Islandia C) They may have the same absolute income distribution although their relative income distribution is different. D) There is insufficient information to answer the question.
Marginal revenue product is the effect of a one-unit increase in an input on the cost of production.
Answer the following statement true (T) or false (F)
The higher the HHI
A) the less dominated a market is by a single firm. B) the more competitive is the market. C) the more dominated a market is by a single firm. D) the less likely the Sherman Act will be applied to a firm.
Where does a monopolistic competitive firm determine its quantity?
a. Price equals marginal revenue b. Price equals marginal cost c. Marginal revenue equals marginal cost d. Marginal revenue equals average total cost