The country known for its use of industrial policy
a. the United States
b. Japan
c. Hong Kong
d. Singapore
e. All of the above
B
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The Keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are
A) flexible prices. B) real prices. C) upward sloping prices. D) sticky prices.
In a two-sided market with network effects, the platform will most likely
A) set the same prices for the two sides of the market. B) set different prices for the two sides of the market. C) set a price of zero for both sides of the market. D) combine the two groups of the market before setting its price.
The money-creation process generated by an injection of reserves stops when
A. people deposit their loans into other banks. B. reserve requirements are raised. C. the increase in required reserves equals the size of the injection. D. bankers begin to fear runs and stop making loans.
Given the information below for a simple economy: Total population 20,000 Working-age population 15,000 Employment 1,000 Unemployment 100 the unemployment rate for this simple economy equals
A. (100/1,000) × 100. B. (100/1,100) × 100. C. (100/15,000) × 100. D. (100/20,000) × 100.