The Council of Economic Advisers
a. was created in 1946.
b. advises the president of the United States on economic policy matters.
c. writes the annual Economic Report of the President.
d. All of the above are correct.
d
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What happens to the demand for loanable funds curve when the economy enters a recession?
A) The demand for loanable funds curve shifts leftward because wealth decreases. B) The demand for loanable funds curve shifts leftward because expected profit falls. C) The demand for loanable funds curve shifts leftward because the real interest rate falls. D) The demand for loanable funds curve shifts rightward because the real interest rate falls. E) The demand for loanable funds curve shifts rightward because expected profit falls.
A demand curve is described as perfectly inelastic if
A. the same quantity is purchased regardless of price. B. the same price is charged regardless of quantity sold. C. neither price nor quantity demanded ever change. D. only quantity demanded can change.
Describe the vicious cycle of poverty. What are the consequences of this cycle?
What will be an ideal response?
An important way in which globalization changed U.S. antitrust policy is:
A. foreign governments are more lax when it comes to antitrust laws, putting pressure on the United States to follow. B. global corporations face stricter policies in foreign countries, allowing the United States to be less active. C. Americans hold more shares of international corporations, placing pressure on foreign firms to perform. D. global corporations cannot be sued for antitrust violations, keeping U.S. courts from enforcing laws.