__________ occurs when two or more activities take place at the same time
a. Independent activities
b. Multitasking or dovetailing
c. Compression
d. Co-acting
B
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If in the market for used bikes where only sellers can distinguish between good quality and bad quality used bikes, then in that market there exists:
A. perfect information. B. asymmetric information. C. public information. D. duopoly information.
The market for used cars is not considered perfectly competitive because:
A. there is complete information. B. the good is standardized. C. there are always very low transaction costs. D. the buyers are not price takers.
Suppose the central bank announces that it will pursue a monetary expansion in the current period and a monetary expansion in the future. Explain how the credibility of the central bank might influence the effectiveness of this monetary policy action and announcement of a future monetary policy action
What will be an ideal response?
According to the Taylor rule, if inflation rises by 1 percent above its target of 2 percent, the Fed should:
A. Lower the real Federal funds rate by 0.5 percent B. Raise the real Federal funds rate by 0.5 percent C. Lower the money supply by 5 percent D. Raise the money supply by 5 percent