According to economist Abba Lerner (1903-1982), fiscal and monetary policy is analogous to:
A. automobile brakes.
B. a steering wheel in an automobile.
C. a string that can be pushed or pulled.
D. highway guard rails.
B. a steering wheel in an automobile.
Economics
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Explain three ways we can use microeconomic analysis
What will be an ideal response?
Economics
For a given amount of total reserves, a decrease in required reserves causes an increase in excess reserves.
a. true b. false
Economics
A cartel usually consists of ______.
a. a large group of sellers b. a collection of firms c. a single monopolist d. one firm acting alone
Economics
According to the following graphs, the consumer's demand curve for X is
The price of Y is $50.
A. D1. B. D2. C. D3. D. D4.
Economics