The possible asymmetry of monetary policy is the central idea of the:
A. invisible hand concept.
B. ratchet analogy.
C. pushing-on-a-string analogy.
D. bandwagon effect.
C. pushing-on-a-string analogy.
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In June, buyers of titanium expect that the price of titanium will fall in July. What happens in the titanium market in June, holding everything else constant?
A) The quantity demanded increases. B) The demand curve shifts to the left. C) The quantity demanded decreases. D) The demand curve shifts to the right.
The monopolist is always constrained by:
A. the amount demanders are willing to buy at any given price. B. his production capacity. C. the barriers to entry. D. government regulation.
The federal expenditure category of net interest includes ______.
a. Social Security
b. payments to bond holders
c. employee wages
d. state and local grants
Consider the following game. You pick a card from a deck and each time you select an ace, you get $260. For all other cards you must pay $13. What is the expected value of the game?
A. -$12 B. $0 C. $8 D. $32