What is meant by the political business cycle?
Central banks sympathetic to incumbent presidents might pursue expansionary policy prior to an election.
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The practice of charging different prices to various groups of customers that are not based on differences in the costs of production is referred to as:
A) predatory pricing. B) markup pricing. C) discretionary pricing. D) price discrimination.
The marginal revenue curve of a perfectly price-discriminating monopolist
a. coincides with the marginal cost curve b. lies below the market demand curve c. coincides with the market demand curve d. is a horizontal line through the midpoint of the market demand curve e. does not exist
For a given money demand curve, an ________ in the money supply drives down the interest rate, and a ________ in the money supply drives up the interest rate
a. decrease; increase b. decrease; decrease c. increase; decrease d. increase; increase
The U.S. government offers tax credits on hybrid automobiles. This tax credit:
A. reduces the personal cost of abatement of car pollution. B. encourages people to drive and pollute more. C. increases the demand for gasoline. D. All of these