The debate over the causes of recessions in the U.S. in recent years has included arguments about:
A. both monetary policy and higher oil prices.
B. higher oil prices, but not monetary policy.
C. decreases in exports.
D. monetary policy, but not higher oil prices.
Answer: A
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According to the above table, the value of M2 is
A) $3,807 billion. B) $5,237 billion. C) $6,237 billion. D) $6,253 billion.
The demand curve for shares of a stock is typically
a. downward sloping, because people calculate present value according to different expectations and attitudes toward risk b. vertical, because only a fixed number of shares of stock are available c. horizontal, because everyone values the stock according to its present value d. upward sloping, because a higher stock price signals to potential shareholders that the firm is more valuable e. horizontal, because no one is willing to pay more than the market price
The most important item in the public assistance (welfare) package is
a. Aid to Families with Dependent Children b. Medicaid c. Medicare d. food stamps e. housing subsidies
Which of the following is an example for group price discrimination?
A) a BMW selling for more than a VW B) local residents receiving a discount at the local golf course C) the fact that a razor is cheap and blades are expensive D) a hotel charging more for a room if the customers bring pets