A country that wants to increase its exchange rate to a higher level than the market exchange rate dictates would most likely adopt:
A. contractionary monetary policy.
B. contractionary fiscal policy.
C. expansionary fiscal policy.
D. expansionary monetary policy.
Answer: A
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Creative destruction includes all of the following except
(a) The rise of the automobile industry at the expense of the carriage industry (b) The rise of the computer industry at the expense of the typewriter industry (c) The destruction of all capital during economic busts (d) There is no except; all of the above are examples of creative destruction
Under perfect competition, firms are relatively ignorant of the actions of their competitors.
Answer the following statement true (T) or false (F)
A rightward shift of the investment demand curve could be caused by:
a. a technological advance. b. optimism about long-term growth. c. forecasts of favorable business conditions. d. an increase in confidence in short-run economic conditions. e. any of these.
A game with a first-mover advantage is one in which:
A. the first player to move determines the payoffs for the rest of the game. B. the player who chooses first gets a higher payoff than those who follow. C. the player who chooses first gets to decide if a repeated game will start with cooperation from the beginning. D. None of these statements is true.