The channels through which monetary policy affects economic activity are called the ________ of monetary policy
A) transmission mechanisms
B) flow mechanisms
C) distribution mechanisms
D) allocational mechanisms
A
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Use the above figure. The economic profit for this firm is
A) zero. B) the distance between T and E. C) the distance between E and x-axis. D) the distance between T and x-axis.
The excise tax on gasoline is based on the ability-to-pay principle of taxation
a. True b. False
The set of skills, knowledge, and personal attributes possessed by a superior performer are known as
a. clusters b. mindsets c. competencies d. components
According to the circular-flow diagram GDP
a. can be computed as either the revenue firms receive from the sales of goods and services or the payments they make to factors of production. b. can be computed as the revenue firms receive from the sales of goods and services but not as the payments they make to factors of production. c. can be computed as payments firms make to factors of production but not as revenues they receive from the sales of goods and services. d. cannot be computed as either the revenue firms receive or the payments they make to factors of production.