Successful foreign aid programs:
A. enhance a DVC's resources and therefore shift its production possibilities curve to the left.
B. enhance a DVC's resources and therefore shift its production possibilities curve to the
right.
C. move the DVC from a high-investment-low-consumption position to a low-investment-high-
consumption position on its stable production possibilities curve.
D. cause a DVC's exchange rate to depreciate.
B. enhance a DVC's resources and therefore shift its production possibilities curve to the
right.
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Conducting the nation's monetary policy is the duty of the
A) Department of Commerce. B) U.S. Treasury department. C) Federal Reserve System. D) Federation of Banks. E) Federal Bank Supervisor.
When the Federal Reserve System was established in 1913, its main policy goal was
A) keeping employment high. B) preventing bank panics. C) encouraging strong economic growth. D) promoting price stability.
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.
The case of the Kodak - IBM outsourcing agreement for payroll software indicates that ________ can cause significant long-term holdup problems.
A. competitive markets B. specific assets C. quality control issues D. technological change