Monetary
What will be an ideal response?
printing money bu US Central Bank, Federal Reserve (actually money is electronic)
You might also like to view...
The balanced budget multiplier is always equal to:
a. 0.50. b. 0.75. c. 1 / MPC. d. 1.
Figure 5-13
In Figure 5-13, the consumer is better off
a.
at A than at E.
b.
at B than at D.
c.
at any point on U2 than at any point on U1.
d.
All of the above are correct.
Comparing a tariff levied on an import where the home firm is a monopoly to a situation where the home firms are competitive, we find:
a. the exact same result—both firms charge world price + tariff and both firms produce Q where MC = MR = world price + tariff. b. that the monopoly firm will be able to charge a higher price and limit its quantity. c. that the competitive firm will not be able to survive the impact of the tariff. d. that quantity is not the issue; the monopoly firm will pay its workers less and earn higher profits.
If the MRP of labor decreases, labor:
A. demand will decrease. B. demand will increase. C. supply will increase. D. supply will decrease.