Discretionary policy calls for continual adjustments to the money supply and is associated with the monetarist perspective.
a. true
b. false
b. false
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The private sector surplus or deficit equals
A) saving minus investment. B) net taxes minus government purchases. C) investment minus saving. D) government purchases minus net taxes.
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC: 
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coconuts to the other island in exchange for 1,300 fish. After the trade, your island has a total of ________ coconuts and ________ fish.
A. 150; 2,800 B. 500; 1,500 C. 500; 1,300 D. 150; 1,300
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI. In addition, suppose that all of these goods have become cheaper over the last year, while the overall CPI has increased by 6 percent. Then which of the following is true?
A. The CPI will understate the negative impact of inflation on your purchasing power and standard of living. B. The CPI will still accurately state the negative impact of inflation on your purchasing power and standard of living. C. The CPI will overstate the negative impact of inflation on your purchasing power and standard of living. D. Inflation has a larger effect on your standard of living than on the average consumer.
What are the main features of the Sherman Act?
What will be an ideal response?