Which of the following is a valid reason to consider government regulation?
a. Seeking some social objective that markets do not achieve.
b. Fear that capitalism will prove too productive.
c. Desire on the part of government to be useful.
d. Requests for protection from an industry.
e. All of the above.
a
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Which of the following would cause a fall in the market interest rate?
a. an increase in the risk cost of investment b. an increase in the inflation rate c. an increase in the marginal rate of return on investment d. a decrease in the marginal product of capital e. none of the above
Imagine that an economy produces two goods, flashlights and fishing lures. In 2015, the economy produced 100 flashlights and 50 fishing lures, and the prices of flashlights and fishing lures were $5 and $11, respectively. In 2016, the economy produced 120 flashlights and 60 fishing lures, and the prices of flashlights and fishing lures were $7 and $14, respectively. respectively. What happened to nominal GDP from 2015 to 2016? What happened to real GDP?
What will be an ideal response?
If the price of Bluetooth headsets rises 12 percent during a year when the level of average prices rises 13 percent, the relative price of Bluetooth headsets
A. Remains constant. B. Decreases. C. Increases. D. More information is required to answer this question.
How would expansionary monetary policy affect the AD curve?
A. It would shift to the right. B. It would fall. C. It would become more static. D. It would shift to the left.