Advertisers try to
A. raise the demand for their product and make it more elastic.
B. raise the demand for their product and make it less elastic.
C. lower the demand for their product and make it more elastic.
D. lower the demand for their product and make it less elastic.
B. raise the demand for their product and make it less elastic.
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Which of the following statements CORRECTLY describes the policy stance of a macroeconomist?
A) A monetarist believes that the quantity of money should be constantly changed in order to offset changes in aggregate demand. B) A new classical macroeconomist believes that fiscal and monetary policy are required to maintain full employment. C) A Keynesian believes that if taxes are always kept low and the quantity of money is kept on a steady growth path, no policy actions will be needed to maintain full employment. D) A classical macroeconomist believes that maintaining consistently low taxes will allow the economy to expand at an appropriate and rapid pace.
When government defines and enforces property rights, this is an example of government as
a. referee. b. regulator of business. c. buyer of goods and services. d. tax collector. e. redistributor.
A decrease in the dollar price of foreign currency would cause
a. the nation's imports to increase and exports to decline. b. the nation's exports to increase and imports to decline. c. both imports and exports to decline. d. both imports and exports to rise.
How many important functions does money have in the economy?
a. eight b. one c. two d. four