Expansionary monetary policy:
A. raises interest rates, raising both investment and net exports.
B. lowers interest rates, increasing investment and decreasing net exports.
C. lowers interest rates, increasing both investment and net exports.
D. raises interest rates, decreasing both investment and net exports.
C. lowers interest rates, increasing both investment and net exports.
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Inflation targeting refers to conducting ________ policy so as to commit the central bank to achieving a ________
A) monetary; publicly announced level of inflation B) fiscal; publicly announced level of inflation C) fiscal; zero inflation rate D) monetary; zero inflation rate
In evaluating the degree of economic efficiency in a market, we can state that the size of the deadweight loss in a market will be smaller
A) the greater the difference between marginal cost and average revenue. B) the smaller the difference between marginal cost and price. C) the greater the difference between marginal cost and price. D) the smaller the difference between marginal cost and average total cost.
________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising B) Neutral C) Biased D) Technological
When buying a car from a dealership, to get the best bargain
a. Never stick to the first offer you make b. Allow room for bargaining c. Threaten to walk out if the dealer does not accept your offer d. Quote your highest willingness to pay