Which of the following is not a rationing mechanism used by landlords in cities with rent control?
a. waiting lists
b. race
c. price
d. bribes
c
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The U.S. banks have grown primarily through: a. America's longstanding preference for big banks. b. surviving banks buying up bankrupt banks
c. excellent customer service. d. mergers and acquisitions. e. deposit insurance policy.
Expansionary fiscal policy will result in a ____ price level and ____ employment in the short run.
a. higher; higher. b. higher; lower c. lower; higher. d. lower; lower.
Overshooting occurs because:
a. expectations adjust slower than prices. b. expectations adjust at the same rate as prices. c. expectations adjust faster than prices. d. expectations do not adjust.
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.