Until the passage of the Airline Deregulation Act of 1978, the Civil Aeronautics Board controlled all of the following except
A. fares.
B. assigned routes.
C. profits.
D. entry into the industry.
C. profits.
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The effectiveness lag is
A) the time it takes for policy makers to obtain data indicating what is happening in the economy. B) the time it takes for policy makers to be sure of what the data are signaling about the future course of the economy. C) the time it takes to pass legislation to implement a particular policy. D) the time it takes for policy makers to change policy instruments once they have decided on the new policy. E) the time it takes for the policy actually to have an impact on the economy.
A decrease in the capital–labor ratio would result in: a. higher labor productivity because labor does more work
b. lower labor productivity because labor is working with relatively less capital. c. higher labor productivity because labor is producing less capital and more of other goods. d. lower labor productivity because more capital is available. e. higher labor productivity because more capital is available.
Of the following, which would not be considered an unconventional monetary policy approach?
A. Discount rate B. Policy duration commitment C. Credit easing D. Quantitative easing
Holding all else constant, a decrease in the real interest rate on Mexican assets will ________ the supply for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; increase B. decrease; decrease C. increase; decrease D. decrease; increase