The equivalent to the Federal Reserves discount rate in the European System of Central Banks is the

Economic growth is:

A. about the quality of life for all sectors of society. B. an indicator of individual poverty. C. a measurement of available resources. D. the measure of changes in real GDP.

Which will cause a larger short-run increase in prices: an anticipated or unanticipated increase in aggregate demand? Will they cause the same increase in prices in the long run?

With an upward-sloping supply curve, which of the following is true?

a. An increase in price results in an increase in supply. b. A decrease in price results in a decrease in quantity supplied. c. A decrease in price results in an increase in supply. d. An increase in price results in a decrease in quantity supplied.

A consequence of a publicly owned natural monopoly is:

A. reduced chance to remain open longer than political terms of office. B. an increase in the motivation to improve efficiency. C. the loss of the profit motive. D. increased public pressure to reduce costs.