Everything else held constant, an expansionary ________ policy will cause the interest rate to rise, while an expansionary ________ policy will cause the interest rate to fall
A) monetary; monetary
B) monetary; fiscal
C) fiscal; monetary
D) fiscal; fiscal
C
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"The federal budget is required by law to balance." Is the previous statement correct or incorrect?
What will be an ideal response?
A "Credible Threat"
A) is also called a "tit-for-tat" strategy. B) always set a low price. C) minimizes the return of your opponent. D) is a strategy selection that is in your best interest. E) provides the best return for both players.
The production function is the
a. increase in the amount of output from an additional unit of labor. b. marginal product of an input times the price of output. c. relationship between the quantity of inputs and output. d. shift in labor demand caused by a change in the price of output.
Cuba is known for its tobacco products. Which of the following results would we expect to see from a U.S. sanction on Cuba?
A. Cigar producers in Cuba being better off since their product is scarcer in the United States and therefore commands a higher price. B. Cuba's economy gaining because its own citizens enjoy less expensive tobacco. C. Transshipment of Cuban cigars to the United States occurring through other nations. D. The U.S. government benefiting from tariff revenue on Cuban tobacco products.