The European Central Bank is responsible for
A. protecting European Union member countries from unfair trade practices.
B. assuring full employment in the European Union.
C. implementing European Union monetary policy.
D. the bailout of European Union countries in financial trouble.
Answer: C
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In the classical model, an increase in government spending shifts the
a. demand for loanable funds to the right. b. demand for loanable funds to the left. c. supply of loanable funds to the right. d. supply of loanable funds to the left.
Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category
a. True b. False Indicate whether the statement is true or false
If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should
a. use more fertilizers and weed killers to increase their yields. b. plant additional acres to increase their output. c. reduce the number of acres they plant to decrease their output. d. Both a and b are correct.
Refer to the above data. If the price of X decreases to $2, then the utility-maximizing combination of the two products is:
A) 2 of X and 5 of Y. B) 4 of X and 6 of Y. C) 6 of X and 3 of Y. D) 4 of X and 5 of Y.