A stable monetary policy is essential for the control of ______, efficient allocation of _____, and achievement of ______ ______
Fill in the blank(s) with the appropriate word(s).
Inflation, investment, economic stability
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Increases in autonomous spending cause leftward shifts of the aggregate demand and supply curves
Indicate whether the statement is true or false
Asymmetric information problems arise
A) in horizontally integrated firms, but not vertically integrated firms. B) in vertically integrated firms, but not horizontally integrated firms. C) in both vertically and horizontally integrated firms. D) only in firms that do not have the advantage of either horizontal or vertical integration. E) only when a single firm is both horizontally and vertically integrated.
To fix the foreign currency price of domestic currency below the free market equilibrium rate, a government must:
a. sell both its own currency and foreign exchange. b. buy its own currency and sell foreign exchange. c. buy both its own currency and foreign exchange. d. sell its own currency and buy foreign exchange. e. revalue its own currency.
All decisions involve opportunity cost
a. True b. False Indicate whether the statement is true or false