The price of pork can be increased by:
a. A subsidy to pork producers
b. Decreased advertising of pork
c. A decrease in the cost of feed for pork producers
d. An increase in the cost of beef
Answer: d. An increase in the cost of beef
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It is profitable to hire more labor if the price level ________ and the money wage rate ________
A) rises; falls B) rises; rises by the same percentage C) falls; does not change D) falls; rises E) does not change; rises
Savings-and-loans were originally federally insured through the
A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.
A significant bank crisis in one Eurozone country is a problem for the ECB because:
A) it will violate its money supply growth rule if it tries to provide liquidity to that country's banks. B) it has no mandate to be a lender of last resort to financial institutions in the Eurozone. C) it has no ability to affect the money supply in Eurozone countries. D) its consensus decision-making process may prompt too rapid a reaction to a crisis in one country.
The assumption that the velocity of money and the quantity being produced is constant is held by the:
A. Keynesian school. B. supply-side school. C. classical school. D. rational expectations school.