According to many economists, government restrictions on ticket scalping do all of the following except
a. inconvenience the public.
b. reduce the audience for cultural and sports events.
c. waste police officers' time.
d. keep the cost of tickets to all consumers low.
d
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Monetarists reject using discretionary monetary policy as an effective stabilization tool because
a. it would require the money supply to grow at a rate equal to the economy's long-run rate of economic growth. b. they do not believe that changes in the money stock affect output or prices. c. they believe that there are lengthy and variable time lags between when a change in monetary policy is instituted and when the change exerts its primary impact on output and prices. d. they believe monetary policy can stimulate aggregate demand, but it cannot control inflation.
The opportunity cost of a decision can be examined by using a:
a) production possibilities graph b) factors of production chart c) global trade-off grid d) graph of increasing costs
In a flexible exchange rate system, which of the following would NOT cause the U.S. dollar to depreciate relative to the British pound?
A. a decrease in demand for British goods in the United States B. a shift to the left in the supply of British goods to the United States C. a decrease in British demand for U.S. exports D. an increase in demand for British goods in the United States
When the MPC is 0.8 and t is 0.4, then the government spending multiplier is about -1.54.
Answer the following statement true (T) or false (F)