An effective import quota is one that increases the amount of tariff revenues received
a. True
b. False
B
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From the beginning of the Great Recession in December 2007 until September 2013, the average duration of unemployment in the United States averaged
A) 13.5 weeks. B) 22 weeks. C) 31.3 weeks. D) 41 weeks.
Which of the following might the Fed rely on as an intermediate target?
A) The monetary base B) The discount rate C) M2 D) The exchange rate of the dollar
According to monetarists, which of the following would be most important for the control of inflation?
a. a steady increase in federal expenditures b. the imposition of price controls c. keeping the growth rate of the money supply low and steady d. a steady increase in the size of the budget deficit
Why do economists prefer using the term economic fluctuation rather than business cycle?
a. political correctness b. number of parameters involved c. excessive volatility of the cycles d. lack of regularity of a cycle