The main difference between stabilization policies and structural reform policies is that stabilization policies
A) focus on microeconomic issues and structural reform policies focus on the macroeconomic environment.
B) focus on macroeconomic issues and structural reform policies focus on the microeconomic environment.
C) are rarely used by reform governments; they prefer to use structural reform policies in their place.
D) have smaller economic impacts than structural reform policies.
E) create less unemployment than structural reform policies.
B
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Monopolistic competition leads to ___________ prices, but ___________ product variety.
Fill in the blank(s) with the appropriate word(s).
Suppose that MU x /P x exceeds MU y /P y . To maximize utility, the consumer who is spending all her money income should buy:
A. less of X only if its price rises. B. more of Y only if its price rises. C. more of Y and less of X. D. more of X and less of Y.
The demand for new capital depends on the interest rate.
Answer the following statement true (T) or false (F)
The accounting system requires that the current account and the financial account sum to ________
A) 0 B) 1 C) 100 D) 10