The German central bank in the European Monetary System, 1979-1998
A) was very inflation-averse.
B) was moderately inflation-averse.
C) was willing to accept inflation.
D) lacked control over inflation since it had fixed its exchange rate.
E) lacked sufficient reserves.
A
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In the classical model, government purchases or tax cuts are appropriate policies to raise GDP
a. True b. False
The Doing Business As name identifies a company for:
a. Bank accounts b. Sales c. Patents d. None of these
Cutthroat competition is
A. illegal in the U.S. B. a common form of oligopoly in the U.S. C. used only as a last resort by large firms. D. prevalent only in the automobile industry.
In the above figure, the tax incidence is
A) that most of it is paid by the buyers. B) that most of it is paid by the sellers. C) split equally so that the buyers and sellers pay the same amount. D) that neither the buyers nor the sellers pay it.