Among the sources of economic inefficiency are all of the following EXCEPT
A) price regulations.
B) rapid technological change.
C) monopoly.
D) taxes and subsidies.
B
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In principle, prorationing could lead to more efficient extraction of oil from the ground
Indicate whether the statement is true or false
If the Fed wants to decrease the money supply, it can:
A. Increase the money multiplier. B. Decrease the discount rate. C. Sell government bonds. D. Decrease the minimum reserve ratio.
Unemployment due to the length of time it takes to find employment upon entering the labor force or voluntarily between jobs is called
A. cyclical unemployment. B. frictional unemployment. C. structural unemployment. D. natural unemployment.
If the Fed engages in open market sales in direct response to an increase in the rate of inflation, this is known as
A. active policymaking. B. fiscal policymaking. C. passive policymaking. D. direct policymaking.