In general, monetary policy has a ________ response lag than fiscal policy and a ________ implementation lag.
A. longer; shorter
B. shorter; shorter
C. longer; longer
D. shorter; longer
Answer: A
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You are considering playing a card game. The rules of the game are such that you pick a card from a standard deck of 52 cards and if the card is a diamond, you win $30 . The catch is, you have to pay the dealer a fee of $10 to play the game
What is the expected value of this gamble? (Hint: In a standard deck of cards, ¼ of the cards are diamonds).
A supply restriction on imported goods, such as the government's restriction of imported oil for many years, is referred to as
A) an export quota. B) an import quota. C) a price floor. D) a price ceiling.
Moving along a budget line, the prices of both goods:
a. vary and the consumer's budget is held constant. b. are held constant and the consumer's budget varies. c. and the consumer's budget are held constant. d. and the consumer's budget vary.
Which of the following is not an example of microfinance?
A. A loan to a small restaurant owner to buy a refrigerator. B. A loan to a U.S.-owned electronics company to expand overseas. C. A loan to a woman to buy a sewing machine to make clothes to sell. D. A loan to a farmer for a goat that will give milk that the farmer can sell.