What are the four ways that government policymakers can respond to the problem of monopoly?
First, the government can try to make monopolized industries more competitive by using the power of antitrust laws. Second, the government can regulating the behavior of monopolies, which usually occurs with natural monopolies. Third, the government can own and run a monopoly. Four, the government can do nothing.
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Use the following figures to answer the next question.
In the diagrams, AD1 and AS1 are the "before" curves. Stagflation is depicted by ________.
A. panel (A) only B. panel (B) only C. panel (C) only D. panels (B) and (C)
Which of the following is most likely to face extinction?
a. dogs living as pets in households b. dairy cows living on farms and producing milk c. bald eagles living in zoos d. tigers living in the wild
Bank examiners are _____.
(A) More interested in regulating the overall money supply than the net worth of member banks. (B) Required to schedule with banks when they plan to visit. (C) Authorized to force banks to sell off investments that they consider excessively risky. (D) Only permitted to label a bank as a "problem bank" if the institution has excessive risks.
Today, most central banks announce their policy actions:
A. one year after the policy is put in place. B. usually six months after the policy is put in place. C. within a 3 to 5 year "window". D. almost immediately.