"Monetarism" advocates a monetary policy
A) at the full discretion of the Fed.
B) that fixes the growth rate of money.
C) that fixes a constant short-term interest rate.
D) that fixes the growth rate of real GDP.
E) that fixes the unemployment rate.
B
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The distribution of world income is ________ the distribution of U.S. income
A) more equal than B) less equal than C) the same as D) not comparable to
You are an analyst with a perfectly competitive firm that makes DRAM memory chips. You must manufacture the chips before you know what the demand will be. Based on the above figure, suppose you think demand will be high and manufacture the profit-maximizing quantity of chips. Demand, however, turns out to be low. Because you thought demand would be high, your profit will be ________ than if you
knew demand was going to be low.
A) $200 million more
B) $400 million less
C) $800 million less
D) $200 million less
After Jason lost his job five years ago, he could not find another job. Unable to provide for his family, Jason suffered from severe stress-related diseases. Jason's unemployment resulted in _____
a. a loss of lifetime earnings b. a loss of human capital c. the deterioration of health d. a loss of social cohesion
What is the full definition of dumping? If an importing country suspects dumping, what action can be taken?
What will be an ideal response?