Other things equal, a restrictive monetary policy during a period of demand-pull inflation will:
A. lower the interest rate, increase investment, and reduce net exports.
B. lower the price level, increase investment, and increase aggregate demand.
C. increase productivity, aggregate supply, and real output.
D. increase the interest rate, reduce investment, and reduce aggregate demand.
D. increase the interest rate, reduce investment, and reduce aggregate demand.
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The person hired by a corporation's board of directors to run the day-to-day operations of the corporation is known as the
A) chief executive officer. B) owner-manager. C) corporate governor. D) chairman of the board.
List the three possible ways the government can make adjustments, and the three possible ways the private sector can make adjustments, to an increase in the government's budget deficit
What will be an ideal response?
Households interact with business firms by:
a. buying resource services from business firms. b. paying wages for the use of labor. c. selling goods and services to firms. d. receiving payments from firms for use of resource services. e. paying rent to firms for the use of land.
A friend of yours receives a government voucher for an apartment in a public housing project. This apartment represents
A. the drop-in-the-bucket problem. B. a public good. C. a government-sponsored good. D. the free-rider problem.