It is impossible to conduct ________ policy and maintain a _________ exchange rate.
A. monetary; fixed
B. monetary; floating
C. fiscal; fixed
D. fiscal; floating
A. monetary; fixed
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Along a straight line, when x equals 90, then y equals 30. When x equals 120, then y equals 40. The slope of the straight line is
A) 1/3. B) -1/3. C) 3. D) -3.
According to the survivor principle
A) firms will get taken over by their larger rivals over time. B) only firms that maximize profits survive in highly competitive markets. C) managers only work hard if they are threatened with their survival at the firm. D) eventually all firms merge to become one large monopoly.
Which of the following is NOT a private cost?
A) the health insurance costs a firm must pay for its employees B) the pollution caused by a firm dumping its wastes into the river C) the coffee pot that Jan dropped and broke this morning D) the amount that a firm must pay for raw materials to make its product
The greater the MPC: a. the greater the fraction of an increase in AD due to an increase in government purchases that is consumption. b. the smaller the fraction of an increase in AD due to an increase in government purchases that is consumption. c. the greater the change in government purchases required to achieve a given change in AD
d. none of the above