Suppose an economy is producing an output above its full-employment level. To return the economy to long-run equilibrium, a(n) ____ monetary policy can be used, which would cause the price level to ____.
A. expansionary; increase
B. expansionary; decline
C. contractionary; decline
D. contractionary; increase
Answer: C
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Special orders should only be considered if unused capacity exists
Indicate whether the statement is true or false
________ ventures consist of one company joining forces with foreign investors to create a local business in which they share ownership and control
A) Joint ownership B) Licensing C) Contract manufacturing D) Management contracting E) Indirect exporting
After preparing a bank reconciliation, the collection of a note by the bank on a company's behalf would be recorded with a:
A. Debit to Notes Receivable. B. Credit to Cash. C. Credit to Accounts Receivable. D. Credit to Notes Receivable.
What factor is likely to influence our own social categorization and attitudes toward others?
a. our heritage and family history *b. our own group identification c. the region of the world we grew up in d. our social economic status