Provisions that allow the contract price of a commodity to change with changes in its market price are referred to as:
a. omnibus clauses.
b. escape clauses.
c. adjustment clauses.
d. exclusion clauses.
C
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Figure 14.1 shows three aggregate demand curves. A shift rom curve AD0 to curve AD1 could be caused by a(n):
A. decrease in the money supply. B. decrease in taxes. C. decrease in the price level. D. decrease in government spending.
Which of the following is NOT a consequence of the introduction of the Medicare program?
A. an increased ability for the poor to obtain medical services B. an increased quantity of medical services demanded C. an increased ability for the elderly to obtain medical services D. a reduced demand for medical services
Economists assume that a perfectly competitive firm's objective is to maximize its
a. revenue b. quantity sold c. economic profit d. output price
To compensate for the collapse of intermediation and the fragility of financial markets during the 2007-2009 financial crisis, central banks deployed all but which of the following unconventional tools:
A. Quantitative easing B. Lowering interbank lending interest rate targets C. Forward guidance D. Targeted asset purchases