The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level
A) between 130 and 121.
B) between 119 and 111.
C) of 120.
D) of 110.
B
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Profits earned by foreign firms or governments under a quota are called:
A. quota rents. B. quota revenue. C. trade costs. D. trade rents.
Suppose the Congress and president decreased the maximum annual contributions limits to retirement accounts and at the same time reduced the budget deficit. What would happen to the interest rate?
a. It would decrease. b. It would increase. c. It would stay the same. d. It might do any of the above.
Since World War II, tariff reductions have occurred in large part because of negotiations under the:
A. Industry and Trade Administration Act. B. Employment Act. C. Monetary Control Act. D. General Agreement on Tariffs and Trade.
A _________ monopoly is regulated and can provide cheaper service than could several competing firms.
Fill in the blank(s) with the appropriate word(s).