In the real business cycle model, fluctuations in employment are explained by ________
A) changes in the composition of household assets
B) intertemporal substitution as real wages and real interest rates changes
C) changes in the marginal propensity to consume
D) the impact of a change in price on quantity demand and quantity supplied in goods markets
B
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Which of the following is an example of vertical integration?
a. An industrialist building new plants in a country where operation costs are low. b. A cosmetic company collaborating with worldwide retailers to market its product. c. A fruit juice manufacturer purchasing orchards. d. An exporter delivering goods at a contracted price.
In some respects, the U.S. has fallen behind other nations
a. True b. False Indicate whether the statement is true or false
Logrolling refers to the
A) exchange of political favors by corporations. B) need for the president to veto an entire bill when only certain parts of the bill are objectionable. C) exchange of votes to gain support for legislation. D) a and b E) none of the above
The Fed would use a reverse repo when they:
A. forecast a permanent increase in the demand for monetary base. B. forecast a permanent decrease in the demand for monetary base. C. want to temporarily increase the monetary base. D. want to temporarily decrease the monetary base.