Fiscal policy and monetary policy are economic stabilization policies designed to
A. prolong recessions.
B. prolong inflation.
C. stabilize prices.
D. decrease employment.
Answer: C
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There is an inverse relationship between the quantity of money demanded and the interest rate. True or False
Why do people in New York City often read the obituaries to locate an apartment?
A) They are strange. B) They find it efficient, given the alternatives. C) The landlords force them to. D) There is no other source of apartment rental information outside the obituaries.
An increase in labor force participation will increase output and living standards at the cost of
a. higher taxes b. higher interest rates c. longer work weeks d. foregone leisure time e. higher exports
Vertical equity refers to a tax system in which individuals with similar incomes pay similar taxes
a. True b. False Indicate whether the statement is true or false