Which of the following is an example of a monopolistically competitive industry?
a. computer operating systems
b. wheat
c. movies
d. cable television
c
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During the great recession, the Chair of the Fed, Ben Bernanke introduced a new, untraditional, Fed tool to help stimulate the economy. What is this tool known as?
A. Quantitative Easing B. Too big to fail C. Bank bailout D. Monetary stimulus
A market society will always protect the natural environment
a. True b. False Indicate whether the statement is true or false
Matt and Melinda are American residents. Matt buys stock issued by a German corporation. Melinda opens a shoe factory in Panama. Whose purchase, by itself, increases the U.S.'s net capital outflow?
a. Matt's b. Melinda's c. both Matt's and Melinda's d. neither Matt's nor Melinda's
If not corrected, the financial sector crisis of late 2008 would have tended to
A. increase both Real GDP and the general price level. B. increase Real GDP and lower the general price level. C. lower both Real GDP and the general price level. D. lower Real GDP and increase the general price level.