A rules-based monetary policy
A) is advocated by activists.
B) is advocated by nonactivists.
C) could involve a predetermined steady growth rate in the money supply.
D) b and c
E) all of the above
D
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Refer to the table above. When the price is ________ and the quantity is ________, social surplus is maximized
A) $8; 5 units B) $6; 4 units C) $4; 4 units D) $2; 8 units
A proprietorship or partnership can raise funds for expansion in all of the following ways except
A) borrowing from someone or an institution willing to lend the funds. B) taking on a partner or more partners. C) issuing stock through financial markets. D) reinvesting profit back into the business.
Which of the following is true of the consumption function? a. A decrease in flat tax results in an upward shift of the consumption function
b. An increase in interest rates results in an upward rotation of the consumption function. c. An increase in the expected future income results in an upward rotation of the consumption function. d. A decrease in the marginal propensity to save results in a downward shift of the consumption function.
During the last several decades, the size of the trade sector (exports plus imports) of the United States has been
a. increasing as a share of the economy. b. relatively constant as a share of the economy. c. declining as a share of the economy. d. increasing during periods of recession, but declining during periods of strong economic growth.