A key distinction between microeconomics and macroeconomics is the use of monetary policy. Monetary policy is conducted by:
a. local banks.
b. a nation’s central bank.
c. a nation’s legislative body.
d. a state’s legislative body.
b. a nation’s central bank.
You might also like to view...
Diseconomies of scale are associated with: a. a downward sloping long-run average total cost curve. b. an upward sloping long-run average total cost curve. c. a horizontal long-run average total cost curve
d. a vertical long-run average total cost curve.
If a country were to increase its saving rate, then in the long run it would also increase its
a. level of income. b. growth rate of income. c. growth rate of productivity. d. All of the above are correct.
Refer to Figure 4.8. How many different Nash equilibrium points are there in this game?
A) 0 B) 1 C) 2 D) 3
The Exxon Valdez oil spill was an exception to the rule. It was the only major environmental disaster in the 1980s
Indicate whether the statement is true or false