Which type of integration requires adapting domestic policies to coordinate with those of trading partners?
What will be an ideal response?
Deep integration
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If a bank grants you a mortgage, the mortgage is
A) an asset to you as well as an asset to the bank. B) an asset to you, but a liability to the bank. C) a liability to you, but an asset to the bank. D) a liability to you as well as a liability to the bank.
When a firm is experiencing decreasing marginal costs, it implies
a. There are diminishing marginal productivity b. There are increasing average costs c. There are constant marginal productivity d. There are increasing marginal productivity
A key tool of countercyclical fiscal policy is
a. the interest rate b. the federal funds rate c. the tax code d. the regulatory code e. Presidential executive orders
In the short-run macro model, an open-market purchase of bonds by the Fed will
a. raise the interest rate, reduce spending, and increase output b. raise the interest rate, reduce spending, and decrease output c. lower the interest rate, reduce spending, and decrease output d. lower the interest rate, increase spending, and decrease output e. lower the interest rate, increase spending, and increase output