The hypothesis of political business cycles is based on the assumption that a vertical Phillips curve always holds
a. True
b. False
Indicate whether the statement is true or false
False
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What has been the trend in eliminating poverty since 1960?
What will be an ideal response?
The board of a U.S. corporation usually includes
A) outside directors. B) executives of competitors. C) non-executive employees of the corporation. D) All of the above.
Which of the following is likely to be a monopolist?
A.) A potato chip company that sells lots of chips and competes with other chip producers. B.) A farmer who specializes in growing organic fruits and vegetables. C.) The sole producer of a new medical device for people with limited mobility. D.) The chemical company in a small town that employs most of the town's workforce.
Quantitative easing involves all of the following except:
A. higher asset prices. B. Lower long-term interest rates. C. higher long-term interest rates. D. Purchasing longer-term bonds.