Typically during a recession
A. incomes and unemployment rise.
B. incomes increase, and unemployment falls.
C. incomes fall, and unemployment falls.
D. incomes fall, and unemployment rises.
Answer: D
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How would you define a currency board?
A) the process by which non-pegged interest rates are allowed to fluctuate B) the stockpiling of international reserves by developing countries C) using the dollar to carry out all domestic transactions, making the domestic currency a currency in name alone D) a constraint placed on monetary policy E) The monetary bases is backed entirely by foreign currency and the central bank holds no domestic assets.
A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and pays them per store opened. At the end of the quarter, the company notices a many of the new stores' sales volume fail to meet expectations. To incentivize the consultants to instead focus on opening profitable stores, the company has decided to alter the
compensation to a percentage of the profit earned per new store. The company should expect to a. Pay the consultants more than they would per store b. Pay the consultants less than they would per store c. Pay the consultants the same d. None of the above
One likely result of monopoly power is
a. a wide variety of substitute products from which consumers can choose b. an elimination of barriers to industry entry c. a decline in government regulation d. a higher price than would exist in a competitive industry e. an improvement in allocative efficiency
Those who favor government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts are supporting:
a. supply-side economics. b. Keynesian economics. c. monetarist economics. d. Marxian economics.