The Maastricht treaty was the first step toward
A) having free trade between Russia and China.
B) European monetary union.
C) gaining credibility for monetary policy.
D) reducing the costs of disinflation.
B
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The median voter model assumes that voters have single-peaked preferences
a. True b. False
During a period of economic depression, such as has existed for a long period in Japan, a profit-oriented bank will act in such a way that
A. dampens the fluctuations. B. makes the depression worse. C. is neutral with respect to the fluctuations. D. is counter-cyclical and stabilizing.
If the Japanese yen depreciates against the U.S. dollar
A) the price of Japanese imports to the United States decreases. B) the price of United States exports to Japan decreases. C) the price of Japanese imports from the United States will decrease. D) there is no change in the price of Japanese exports to the United States.
Which of the following will cause, other things being equal, a leftward movement along the supply curve for smart TVs?
A. an improvement in the technology of producing smart TVs B. a reduction in the price of smart TVs C. an expectation that the price of smart TVs will be lower in the future D. an increase in resource costs for producing smart TVs