Monetary policy
a. must be described in terms of interest-rate targets.
b. must be described in terms of money-supply targets.
c. can be described either in terms of the money supply or in terms of the interest rate.
d. cannot be accurately described in terms of the interest rate or in terms of the money supply.
c
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The industrial organization economics perspective locates the source of competitive advantage at the
a. Individual firm level b. Industry level c. Both a and b d. None of the above
In order to be successful as an innovator, a firm may require:
a. constant investment in mergers and acquisitions. b. frequent expansion of its scale of operation. c. to invest the majority of its annual profit in market research. d. research facilities and a culture that respects scientists and engineers.
Suppose a taxpayer has an income of $50,000 and a taxable income of $45,000, and pays $5,000 in taxes. If the taxpayer talks of being taxed at a 10 percent tax rate, she is referring to the
A. Nominal tax rate. B. Average tax rate. C. Marginal tax rate. D. Effective tax rate.
The steeper is the IS curve,
A) the more effective is monetary policy. B) the less effective is monetary policy. C) the effectiveness of monetary policy does not change. D) a given change in the money supply will have a greater effect on output.