Monetary policy:
A. is the use of tax increases or cuts designed to change the amount of money available for spending.
B. is the use of audits to make certain that banks follow bank policy.
C. is the use of money and credit controls to influence macroeconomic activity.
D. exists only in textbooks and has no applicability to the "real world."
Monetary policy is the use of money and credit controls to influence macroeconomic activity.
C. is the use of money and credit controls to influence macroeconomic activity.
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The payment made to an owner of a resource in excess of the opportunity cost of the resource is
a. economic rent b. economic profit c. wages d. interest e. opportunity cost
Ensuring that high-quality public education is freely available to all children is one of the most important ways that a country can:
A. increase its stock of human capital. B. decrease its stock of human capital. C. decrease its productivity. D. increase its foreign direct investment.
An equilibrium point beyond a potential GDP is termed as
a. deflationary gap. b. recessionary gap. c. inflationary gap. d. acceleration gap
MC equals
A. ?VC/?Q. B. VC/Q. C. ?TC/?Q. D. FC/Q.