Auctions can be differentiated on the basis of ________
A) the number of buyers
B) the number of sellers
C) the way in which people place their bids
D) the degree of competition among buyers
C
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Differentiate between a managed exchange rate and a fixed exchange rate
What will be an ideal response?
Popular criticism of determining who gets what by means of money prices increases in periods of inflation because
A) inflation hits poor people the hardest. B) people mistakenly assume an increase in money prices makes them worse off. C) the wealthy will eventually acquire everything if inflation continues long enough. D) there is no one who benefits from rising prices.
The greater the marginal propensity to consume in the economy, the smaller the spending multiplier
a. True b. False Indicate whether the statement is true or false
If the economy is experiencing less than full-employment, the Keynesian model recommends that the government
a. do nothing to stimulate the economy. b. undertake expansionary fiscal policy to stimulate aggregate demand. c. undertake expansionary fiscal policy to stimulate aggregate supply. d. balance the budget to stimulate aggregate demand.