One should be wary of consultants peddling best practices or secrets to success because
a. They have different incentives than you do
b. Such best practices are public knowledge and easily duplicated
c. These best practices can at best only provide temporary profitability
d. All of the above
d
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A price ceiling is ______ if it is set _____ the market equilibrium price
A. efficient and fair; below B. unfair but efficient; equal to C. efficient and unfair; above D. inefficient and unfair; below
What was the Bretton Woods agreement about? Why did it break down? Briefly explain
What will be an ideal response?
When the Fed purchases government securities, it:
a. has no effect on either the money supply or the discount rate. b. uses discounting operations to influence margin requirements. c. increases banks' reserves and makes possible an increase in the money supply. d. decreases banks' reserves and makes possible a decrease in the money supply. e. automatically raises the discount rate.
One of the practical issues in the choice of government spending or taxes to change aggregate demand is how large a
A. change in demand we want. B. trade deficit we want. C. budget deficit we want. D. government sector we want.