Attempts to influence interest rates, credit conditions, and the money supply are called
A. mixed economic policy.
B. discounting.
C. moral suasion.
D. monetary policy.
D. monetary policy.
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From the social perspective, a major criticism of oligopolies is that
A) successful collusion leads to a monopoly-like outcome. B) price wars usually break out. C) advertising hardly ever occurs. D) cartels are unstable.
The amount of inflation caused by expansionary monetary policy depends on the slope of the aggregate supply curve.
Answer the following statement true (T) or false (F)
All the factors below are causes of diminishing marginal returns, except
a. Difficulty of monitoring and motivating larger workforces b. Increasing complexity of larger systems c. Division of Labor d. The "fixity' of some factor
Let X be the number of hours you spend studying for an exam on Wednesday afternoon and Y be your chances of winning the Wednesday night state lottery. What kind of a relationship do you most likely expect between X and Y?
A) direct B) inverse C) linear D) 45-degree line E) independent