Monetary policy is expected to have its greatest impact on ________.
A. government purchases
B. gross investment
C. exports
D. consumption
Answer: B
You might also like to view...
A major disadvantage of a proprietorship is that the ________
A) owner's entire wealth is at risk B) profits are taxed twice C) firm has perpetual life D) owner has limited liability
The Cobb-Douglas production function has which of the following properties?
a. output is a linear increasing function of each of the inputs b. it provides a good fit to the traditional S-shaped production function c. the elasticity of production is constant and equal to 1 minus the exponent of the appropriate variable d. all of the above e. none of the above
The main advantage that ACE models have over other models is that:
A. they primarily use deductive methods. B. they eliminate the importance of mathematics. C. economists do not have to "solve" the model on their own. D. they look only at single equilibrium outcomes.
If at the current level of product-specific service, consumers' value at $12 and the cost of retailers to provide the services is $12, which of the following is true?
A) the profit-maximizing level of profit-maximizing services is exactly double the current level B) the profit-maximizing level of profit-maximizing services is greater than the current level C) the profit-maximizing level of profit-maximizing services is less than the current level D) the profit-maximizing amount of product-specific services is being offered.