The purpose of a political action committee is
a. to help elect officials sympathetic to its members' special interests
b. to help elect officials who will enact fair legislation
c. to raise money for public interest groups
d. to exchange trade secrets
e. to allow special-interest groups to be elected
A
You might also like to view...
A kinked demand curve is associated with
a. perfect competition. b. monopolistic competition. c. an oligopoly. d. public utilities.
Which of these economic changes was observed during the Great Depression?
a. A fall in the domestic price level leading to an increase in import demand b. A fall in resource prices leading to an increase in aggregate supply c. An increase in unemployment leading to a decrease in the aggregate demand d. An increase in the domestic price level leading to an increase in export demand e. An increase in real GDP leading to an increase in the real interest rate
Requiring a large net worth on the part of an applicant is one way lenders treat the problem of:
A. adverse selection. B. moral hazard. C. free-riders. D. the Lemons market.
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to Keynes, an expansionary monetary policy in the long run and after all the adjustments have been made
A. increases equilibrium output above Y1. B. increases equilibrium output above Y1 and decreases the price level below P1. C. decreases equilibrium output below Y1. D. does not increase equilibrium output.