Monetary policy can be most accurately described as
a. the use of government taxation and expenditures to achieve macroeconomic goals.
b. the use of the government's regulatory powers to improve economic efficiency.
c. the government provision of goods to improve economic efficiency.
d. the deliberate control of the money supply to achieve macroeconomic goals.
D
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Over the business cycle, factors such as the quantity of capital, human capital and technology
A) change randomly, sometimes growing, sometimes falling. B) change drastically, fluctuating more than the quantity of labor employed. C) fluctuate about the same amount as the quantity of labor employed. D) grow but do not fluctuate as much as the quantity of labor employed. E) do not grow and are therefore not the source of economic growth.
Refer to the figure above. If this country is labor abundant, then according to the HO theory good X should be ________ intensive
A) capital B) labor C) both capital and labor D) Can't tell without more information
Mixed bundling may result in
A) less revenue compared to pure bundling. B) secondary market transactions between sellers in different markets. C) predatory pricing. D) greater revenue compared to pure bundling.
Based on the simple spending multiplier, which of the following will increase real GDP?
a. Decreased government spending b. Increased business taxes c. Increased investment spending d. Decreased consumption spending