A fixed exchange rate regime
A) enhances the power of a country's central bank.
B) leads to inflation.
C) means that the price of gold is held constant.
D) makes a country's central bank powerless.
D
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Unemployment compensation is an example of a(n)
a. discretionary stabilizer b. countercyclical stabilizer c. cyclical stabilizer d. labor stabilizer e. automatic stabilizer
The larger is the reserve ratio, the:
A. smaller is the money multiplier, and the less money will be created in the economy. B. larger is the money multiplier, and the more money will be created in the economy. C. larger is the money multiplier, and the less money will be created in the economy. D. smaller is the money multiplier, and the more money will be created in the economy.
Recall the Application about price discrimination using refillable soda bottles to answer the following question(s).According to the Application, allowing stores to give discounts to patrons who use refillable soda bottles benefits:
A. both the stores and the consumers. B. the stores only. C. consumers only. D. neither the stores nor the consumers.
State and federal regulators retain the authority to set or approve public utilities' prices. An important prerequisite for this role is to know the utility's:
A. true cost function. B. price in other economies. C. income elasticity of demand. D. price elasticity of supply.