The twin responsibilities of the Federal Reserve is called the:
A. double duty.
B. two tasks.
C. dual mandate.
D. twin spin.
Answer: C
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________ is the relative ease and speed with which an asset can be converted into a medium of exchange
A) Efficiency B) Liquidity C) Deflation D) Specialization
Recently, consumption has comprised approximately
A) one-half of GDP. B) two-thirds of GDP. C) three-fourths of GDP. D) four-fifths of GDP.
Advertising is used by firms in a monopolistic competitive industry to
A) differentiate their product from those of competitors. B) increase brand loyalty. C) increase demands for their individual products. D) all of the above.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential