Economists are still puzzled why growth rates in the United States fell from 1973 to 1995
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is a characteristic of a perfect competition?
a. Firms can enter and exit a market freely. b. Two or three firms produce identical products. c. A few buyers are available to purchase a good. d. Sellers and buyers have limited product information.
A recessionary gap in an economy can be closed with a contractionary monetary policy
a. True b. False Indicate whether the statement is true or false
A budget will
A) improve your credit standing so you can use borrowing to increase your current consumption. B) All of the above. C) help you focus on those expenditures that you value highly relative to cost. D) make it more attractive for you to buy a car every couple of years.
Outside lags for monetary policy occur because:
A. firms must change investment plans before monetary policy can be effective. B. it takes time to identify a problem. C. once a problem is diagnosed, it still takes time to implement policy changes. D. once changes are finally diagnosed and implemented, policies are immediately effective.