A World Bank study suggest a strong link in Africa between governments that __________ special-interest groups and __________ rates of economic growth
a. cater to, high
b. cater to, moderate
c. cater to, low
d. ignore, low
e. ignore, moderate
C
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Explain how the invisible hand delivers an efficient market outcome
What will be an ideal response?
Which of these policy targets does NOT provide a "nominal anchor?"
A) high-powered money B) the unemployment rate C) the money supply D) the inflation rate
A simultaneous reduction in both taxes and the money stock will always
a. increase interest rates. b. lower income and raise the interest rate. c. lower income and raise the interest rate. d. increase income. e. raise income and raise the interest rate.
The International View of the Great Depression blames the contraction in the U.S. economy on
(a) the failure of the U.S. markets to permit a fall in aggregate prices under the gold standard or to devalue its exchange rate. (b) exports' and imports' large proportion of total GDP in the U.S. (c) Great Britain abandoning the gold standard. (d) all of the above.