Which is an expansionary money policy?
a. Decrease the money supply to shift the aggregate demand curve leftward
b. Increase the money supply to shift the aggregate demand curve leftward
c. Increase the money supply to shift the aggregate supply curve leftward
d. Increase the money supply to shift the aggregate demand curve rightward
d. Increase the money supply to shift the aggregate demand curve rightward
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Using the Gordon growth model, a stock's current price decreases when
A) the dividend growth rate increases. B) the required return on equity decreases. C) the expected dividend payment increases. D) the growth rate of dividends decreases.
The Clinton administration has recommended an increase in the tax on yachts to help pay for government programs. Which of the following is true?
A) The burden of this tax will fall entirely on yacht consumers. B) The burden of this tax will fall entirely on yacht manufacturers. C) The sales of yachts will decrease. D) The profit of yacht manufacturers will increase. E) Employment of workers in the yacht industry will increase.
There are generally, in most areas, a large number of qualified physicians whose services are highly personalized. In addition to price, factors such as age, sex, location, and personality influence the choice of physician. Thus, the market is best described as
A. perfectly competitive. B. a differentiated oligopoly. C. a monopoly. D. monopolistically competitive.
The term economists use to describe a situation in which the economy's overall price level is rising is
a. growth. b. inflation. c. recession. d. expansion.