The United States SRAS curve may shift to the right if we ____________________ Malaysia and the dollar ________________ against the Malaysian ringgit
A) buy raw materials from; appreciates
B) buy raw materials from; depreciates
C) sell finished goods to; appreciates
D) sell finished goods to; depreciates
A
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According to the aggregate demand-aggregate supply model, what is the short-run impact of a reduction in the money supply by the Fed?
A) Current output will fall, but the price level will rise. B) Current output will rise, but the price level will fall. C) Current output and the price level will both rise. D) Current output and the price level will both fall.
The Clayton Act of 1914:
a. was too vaguely worded to reduce anticompetitive behavior significantly b. prohibited conspiracies in restraint of trade c. prohibited price discrimination that reduces competition and cannot be justified based on cost differences d. created the Federal Trade Commission
The per capita incomes of countries in the quartile with the most economic freedom during 1980-2010 were
a. slightly lower than those of the quartile of countries with the least economic freedom. b. about the same as the quartile of countries with the least economic freedom. c. about twice those of the countries with the least economic freedom. d. about eight times those of the quartile of countries with the least economic freedom.
Screening is when someone takes action to:
A. find out the opportunity cost of acquiring more information. B. reveal private information about someone else. C. reveal one's own private information. D. None of these statements is true.