The primary objective of the ECB is to:
A) promote economic growth.
B) promote full employment.
C) foster an equitable distribution of income.
D) maintain price stability.
Ans: D) maintain price stability.
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A labor union is likely to seek all of the following EXCEPT
A) economic improvements for their members. B) safer working conditions. C) increased competitiveness in the labor market. D) increased job security for its members.
When changes in the supply of money are implemented, it makes interest rates change in the _____ direction as the shift in the money supply curve and makes aggregate demand change in the _____ direction as the shift in the money supply curve. a. Same; same
b. Same; opposite. c. opposite; same. d. Opposite; opposite.
An oligopolist will increase production if the output effect is
a. less than the price effect. b. equal to the price effect. c. greater than the price effect. d. The oligopolist never has an incentive to increase production.
The price of a basket of goods is $2000 in the U.S. If purchasing-power parity holds, and the dollar buys two units of some country's currency, then how many units of foreign currency does the same basket of goods cost in that country?
a. 4000 b. 2000 c. 1000 d. None of the above are correct.