The combination of shocks hitting an economy is:
A. usually known to policymakers before they decide what action to take.
B. hard to see without looking at lots of economic data.
C. difficult to identify because they are so numerous.
D. irrelevant as long as the rates of inflation and real growth are known.
Ans: C. difficult to identify because they are so numerous.
You might also like to view...
When the power company decides to use manpower to bury its lines, it directly answers the ________ question
A) what B) for whom C) how D) why E) when
When a corporation wishes to sell new securities, it usually employs
A) a takeover specialist. B) a finance company. C) an investment bank. D) a commercial bank.
Which of the following explains why firms in competitive price-searcher and competitive price-taker markets will both have zero economic profits in the long run but a monopoly will not?
a. There is always more than one firm in competitive price-searcher and competitive price-taker markets. b. Both competitive price-searcher and competitive price-taker markets are characterized by firms producing identical goods, but a monopoly is not. c. In both competitive price-searcher and competitive price-taker markets, the barriers to entry are low; this is not true under a monopoly. d. A monopoly firm has a downward-sloping demand curve; firms in the other types of markets do not.
If the Gini coefficient is greater for the United Kingdom than for Japan, we can conclude that the
A. Distribution of income in the United Kingdom is closer to being equal than in Japan. B. Distribution of income in the United Kingdom is as equal as it is in Japan. C. Relative distributions of income in the two countries are the same. D. Distribution of income in the United Kingdom is less equal than in Japan.