Liberals tend to favor increasing taxes as the method of counteracting inflation.
Answer the following statement true (T) or false (F)
True
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Suppose the demand curve is Y = 38 - 3?, and the current values for output and the real interest rate are 29 and 7 percent, respectively. A decrease in inflation leads to a new output level of 32 and real interest rate at 6 percent
The monetary policy curve is ________. Fill in the blank(s) with correct word
In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as
a. logrolling. b. rent seeking. c. influence peddling. d. redistribution searching.
Which of the following would be the result of increasing the money available for banks to lend?
A. An increase in the reserve requirement B. A decrease in the Fed's holdings of U.S. Treasury securities C. An increase in the discount rate D. A decrease in the federal funds rate
Suppose that white workers are getting paid $21/hour, while similarly-productive African-American workers are getting paid $18/hour. A prejudiced white employer with a discrimination coefficient of $24/hour will:
A. Hire African-Americans only if their wage rate falls to $3/hour B. Hire African-American workers C. Not hire African-Americans at all, even if they offer to work for free D. Not hire African-Americans, unless they work for free