If the central bank decreases the money supply, it is conducting
A. monetary policy.
B. fiscal policy.
C. supply-side policy.
D. incomes policy.
Answer: A
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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4, what is the value of marginal product of the 4th worker?
A) $240 B) $70 C) $10 D) $40
Gradually over the last two decades, ________ policy has emerged as the major stabilization policy tool in the United States
A) monetary B) fiscal C) exchange rates D) deregulatory
When buyers and sellers are not equally informed about the characteristics of the goods and services offered for sale, information is said to be:
A. symmetric. B. costly-to-fake. C. credible. D. asymmetric.
The real value of money ________ as the price level falls.
A. remains the same B. decreases C. increases D. None of these