Monetary policy designed to counteract a reduction in aggregate demand might include
A. a reduction in the money stock.
B. a reduction in short-term interest rates.
C. an increase in individual income tax rates.
D. increased government infrastructure spending.
Answer: B
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Which barrier to entry is an exclusive right granted to the author or composer of a literary, musical, dramatic or artistic work?
A) patent B) copyright C) public franchise D) government license E) natural barrier
The CEOs of three firms in the airlines industry talk to each other about coordinating their ticket pricing. Which concept is exemplified?
a. quotas b. price leadership c. economies of scale d. collusion
By opening up to foreign markets two things countries generally experience are:
A. increase in negative trade outcomes with that nation and finding customers who generally pay less for their products. B. access to a smaller array of new products and increase in negative trade outcomes with that nation. C. access to a smaller array of new products and saving money through access to cheaper goods. D. saving money through access to cheaper goods and finding new customers for their products.
A reasonable estimate of the world's population that lives on less than $2 per day is
A. 80 percent. B. 10 percent. C. 40 percent. D. 50 percent.