The main purpose of expansionary monetary policy is to
a. expand Treasury borrowing.
b. increase reserve requirements.
c. insure deposits.
d. reduce interest rates.
d
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Which of the following would be described as the administrative lag?
A. The time required to get a particular plan implemented with the money put into peoples' hands. B. The time required to agree upon a policy remedy for a recession. C. The time required to get the people to spend the money returned to them through tax cuts. D. The time required to know that there is a recession.
Which of the following is an international financial institution concerned primarily with monetary issues and international financial arrangements?
A. International Monetary Fund B. Group of Seven C. Group of Five D. European Union
According to the rule of 72, if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take approximately six years for the $15,000 to double to $30,000
a. True b. False Indicate whether the statement is true or false
Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell
a. industrial products. b. homogeneous products. c. consumer goods for which there are no close substitutes. d. highly-differentiated consumer goods.