Some argue that the best response to monopolies is no response at all, because:
A. the creation of regulation may be too difficult.
B. no one can ever decide which monopolies to regulate.
C. left unchecked, all monopolies eventually shut down.
D. they are too powerful to be dealt with effectively.
Answer: A
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A countercyclical variable ________
A) moves up during expansions and down during contractions B) is another term for an acyclical variable C) moves in the same direction as aggregate economic activity D) all of the above E) none of the above
A revaluation is an increase in the official value of a currency.
Answer the following statement true (T) or false (F)
The new Keynesian model has ________ in common with the real business cycle model
A) wage and price stickiness B) a theory of aggregate demand C) procyclical inflation D) a microeconomic foundation
The Public Sector Net Cash Borrowing is:
a) A measure of the government's trade position b) A measure of the government's budget position c) A measure of the government's total debt d) A measure of the government's monetary stance