Which point best represents the economy in a depression?
A. Point H
B. Point F
C. Point I
D. Point G
D. Point G
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Which one of the following would be an effective fiscal policy in raising national income and reducing unemployment?
A. a decrease in government expenditures B. an increase in net taxes C. cutting back on unemployment benefits D. A reduction in income taxes
A union representing a group of workers will tend to be stronger when
a. there are no good substitutes for the labor services of the unionized workers. b. the domestic producers of the good produced by the unionized workers face intense competition from foreign suppliers of the good. c. the cost of employing the unionized workers is a large part of the total cost of the product that they produce. d. the demand for the good produced by the unionized workers is highly elastic.
What happens to the Canadian M2 money supply if there is an excess demand of 100 million euros in the Canadian dollar:euro foreign exchange market and the Canadian central bank intervenes to offset the excess? Assume the M2 money multiplier is 3
a. The Canadian M2 money supply falls by 300 million euros worth of Canadian dollars. b. The Canadian M2 money supply rises by 300 million euros worth of Canadian dollars. c. The Canadian M2 money supply might fall or rise. d. The Canadian M2 money supply rises by 100 million euros worth of Canadian dollars. e. The Canadian M2 money supply falls by 100 million euros worth of Canadian dollars.
In a monopolistically competitive industry,
A. firms are small relative to the total market. B. firms are large relative to the total market. C. there is only one firm. D. firms can be either large or small relative to the total market.