The European System of Central Banks signals the stance of its monetary policy by setting a target for the
A) federal funds rate.
B) overnight cash rate.
C) lombard rate.
D) reserve rate.
B
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According to the Phillips Curve, which of the following may have taken place if both the unemployment rate and inflation have risen?
A) a negative supply shock B) an increase in expected inflation C) a severe recession D) a negative demand shock
The equal wealth and income distribution in the U.S. during its antebellum period can be clearly linked to its system of private property rights over land and minerals
Indicate whether the statement is true or false
In economic terms, interest is the payment for
A. both consumer and capital goods. B. stocks. C. current command over resources. D. producers' goods.
Property that is owned by everyone and therefore by no one in particular is referred to as
A. free property. B. social property. C. private property. D. common property.