Technically, the ECB has a dual mandate of price stability and support of the European economies; but in practice, it seems to favor ______ over ______.
A) lowering unemployment; controlling inflation
B) promoting equality; lowering unemployment
C) price stability; economic performance, growth, and employment
D) women's rights; lower taxes on small business
Ans: C) price stability; economic performance, growth, and employment
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Allocative efficiency occurs when it is
A) possible to produce more of one good without giving up the production of some other good. B) possible to produce more of all goods. C) not possible to produce more of one good without giving up the production of some other good that is valued less highly. D) not possible to produce more of one good without giving up the production of some other good that is valued more highly.
Unintended births do not seem to be greater at lower income levels
Indicate whether the statement is true or false
Business optimism about future sales tends to __________ investment expenditures, shifting the AD curve to the __________
A) increase; left B) increase; right C) decrease; left D) decrease; right
One reason that people hold money is to pay for unexpected car repairs and other unpredictable expenses. This motive for holding money is called:
A. transactions demand. B. precautionary demand. C. speculative demand. D. noncyclical demand.