Ball's research on disinflation across different countries found that
A) costs of disinflation were smaller for rapid disinflation than for gradual disinflation.
B) costs of disinflation were larger for rapid disinflation than for gradual disinflation.
C) costs of disinflation were about the same for both rapid and gradual disinflation.
D) costs of disinflation were smaller when the central bank had a strong inflation-fighting reputation.
A
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One of the problems experienced by the savings and loan industry during the 1980s was
A) managers lack of expertise to manage risk in new lines of business. B) heavy regulations in the new areas open to S&Ls. C) slow growth in lending. D) close monitoring by the FSLIC.
Suppose consumers expect the price of a good to be higher in the future than it is today. Would the current demand for the good increase or decrease?
If substantial up-front investments in advertising campaigns become essential to a successful market entry, the market is most likely to be:
A. a perfectly competitive market. B. a monopoly. C. a monopolistically competitive market. D. an oligopoly.
Given the typical price elasticity of demand for food, a poor harvest should, ceteris paribus, lead to
A. Lower prices and lower total revenues. B. Higher prices and higher total revenues. C. Higher prices but lower total revenues. D. Lower prices but higher total revenues.