The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Federal Reserve the authority to establish a reserve requirement for all financial institutions
a. True
b. False
Indicate whether the statement is true or false
False
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The natural level of real GDP is that level of
A) real GDP at which the price level will continue increasing. B) nominal GDP at which the price level will remain constant. C) real GDP at which there is no tendency for inflation to accelerate or decelerate. D) Nominal real GDP at which the price level will continue to decrease.
To qualify as incentive pay, a performance-based compensation program:
A. must use monetary rewards. B. may use either monetary or non-monetary rewards. C. must use only non-monetary rewards. D. may only use piece rates and commissions.
An expansionary monetary policy tends to ___ the U.S. dollar relative to foreign currencies and to ____ our balance of trade.
A. raise; help B. raise; hurt C. lower; help D. lower; hurt
Answer the following statement true (T) or false (F)
1) Homogeneous oligopolists tend to advertise more than do differentiated oligopolists. 2) Oligopolists use limit pricing to maximize short-run profits. 3) Both collusive and noncollusive oligopoly models suggest that price changes will be relatively infrequent in these types of industries. 4) Collusion among firms always involves formal agreements. 5) Firms are more likely to collude when the economy is in a recession.