Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher
B) higher; lower
C) lower; higher
D) lower; lower
Answer: A
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A goal of the Securities and Exchange Commission is to reduce problems arising from
A) competition. B) banking panics. C) risk. D) asymmetric information.
The theory of regulatory behavior that suggests that regulators must consider the demands of legislators, consumers, and members of the regulated agency is called
A) the capture theory. B) share-the-gains, share-the-pains theory. C) the natural theory. D) the creative theory.
In the mid 90's, over _____% of all black families are headed by women.
A. 30 B. 45 C. 60 D. 75
For a monopolist, marginal revenue for all units greater than 1 is:
A. always less than price. B. minimized at price. C. always equal to price. D. never less than price.