The lessons of the Japanese recovery were most successfully repeated by
A. the Soviet Union.
B. Argentina and Brazil.
C. Taiwan, Singapore, and Hong Kong.
D. Bulgaria and Romania.
Answer: C
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In a monopolistically competitive market there are
A) many firms. B) one firm. C) a very small number of firms. D) two firms.
The MP Curve ________
A) demonstrates how central banks respond to changes in inflation with changes in the interest rate B) shows how changes in interest rates affect equilibrium output C) explains short run fluctuations in output and inflation D) all of the above E) none of the above
Under TANF, the time limit for receiving benefits during a lifetime is
A. 12 years. B. 13 weeks. C. 60 months. D. 5 months.
According to Keynes, wages are inflexible because
A) of the minimum wage set by government. B) of unions and long-term contracts. C) workers do not behave in their own self-interest. D) the economy is never in the long run.