The use of money and credit controls to achieve macroeconomic goals is

A. Monetary policy.
B. Supply-side policy.
C. Eclectic policy.
D. Fiscal policy.


Answer: A

Economics

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Absolute advantage is

A) the ability to produce a good or service at a higher opportunity cost than one's competitors. B) the ability to produce more of a good or service than competitors that have fewer resources. C) the ability to produce more of a good or service than competitors when using the same amount of resources. D) the ability to produce higher quality goods compared to one's competitors.

Economics

How do markets for insurance use no-claim bonuses to cope with private information?

What will be an ideal response?

Economics

Which of the following sequences results from a decrease in the price level?

a. the money demand curve shifts leftward, the interest rate decreases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts upward, and there is a rightward movement along the aggregate demand curve. b. the money demand curve shifts rightward, the interest rate increases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts downward, and there is a rightward movement along the aggregate demand curve. c. the money demand curve shifts leftward, the interest rate decreases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts upward, and there is a leftward movement along the aggregate demand curve. d. the money demand curve shifts rightward, the interest rate decreases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts upward, and there is a movement upward along the aggregate demand curve. e. the money demand curve shifts leftward, the interest rate increases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts upward, and there is a leftward movement along the aggregate demand curve.

Economics

Which of the following examples would most likely use advertising?

a. A firm sells a product with low differentiation. b. A firm sells a homogeneous product. c. A firm sells a product with many substitutes. d. A firm sells a product with few substitutes.

Economics