The Federal Reserve System was founded in
1913
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If liquidated damages stated in a contract are too low, inefficient breaches will be profitable, and if damages are too high, efficient breaches will not occur
Indicate whether the statement is true or false
The threat of substitutes is held constant in Porter's five forces model
Indicate whether the statement is true or false
The multiplier is the
A. impact that investment has on the physical capital. B. concept that the interest rate will induce consumption and investment spending. C. concept that increases in spending will cause a larger increase in equilibrium GDP. D. impact that expansionary fiscal policy has on recessions.
When contractionary monetary policy increases the interest rate, it causes the price level to:
A. decrease, and output to increase. B. rise, and output to decrease. C. rise, and output to increase. D. decrease, and output to decrease.