Greece did not engage in expansionary monetary policy to pull out of recession because
A. it opted out of the European Union.
B. it used powerful fiscal policy tools and did not feel the need to use monetary policy tools.
C. it was bailed out by Germany.
D. it does not have its own central bank to use its own monetary policy.
Answer: D
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Low cost strategies are usually found in industries where
a. Products are not particularly differentiated b. Price competition tends to be fierce c. Both a and b d. None of the above
Regarding government manipulation of the interest rate, all of these statements are correct, except: a. To address business fluctuations, governments may reduce interest rates to induce people to borrow
b. Such manipulations may give little thought to the effects on resource allocation between present and future. c. Economists agree with the concept of using of interest rates to allocate resources among different time periods. d. Generally, the price system reflects public preference between present and future resource allocation.
Trade creation allows consumers access to more goods at a lower price than would have been possible without integration.
a. true b. false
Semen consists of
A. sperm B. alkaline fluid C. fructose D. all of the above