The primary goal of expansionary monetary policy is to:
A. decrease the interest rate
B. increase the interest rate
C. decrease the money supply
D. increase government purchase
Answer: A. decrease the interest rate
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Other things equal, it can be concluded that in Figure 6-1, that
A. D1 is the more elastic demand curve than D2, but only below P2. B. D1 is the more elastic demand curve than D2. C. D1 is the less elastic demand curve than D2. D. D1 is the more elastic demand curve than D2, but only above P2.
Which of the following is a benefit of economic growth?
A) reduction in illiteracy B) reduction in poverty C) improved health D) all of the above
Research has shown that the chances of one vote making a difference in an election is:
A. 0.10 %. B. 99.999 %. C. 0.01 %. D. 0.001 %.
Disguised unemployment refers to workers whose
a. marginal product exceeds the wage b. marginal product exceeds the average product c. marginal product is less than the wage d. marginal product is less than that of co-workers e. none of the above