Fiscal policy makers may indirectly control the money supply if
A) they vote to "print" more dollars
B) the Fed targets interest rates
C) the Fed "prints" money as cyclical deficits increase
D) the budget deficit is a structural deficit
B
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Economists often refer to games with more than three players as
A) complex games. B) n-player games. C) games of infinity. D) global games.
Marginal revenue for a price taker is
A) equal to price. B) less than price. C) more than price. D) unrelated to price.
The Compensating Variation for an increase in the price of a good is
A) the minimum amount of money a consumer would accept to voluntarily accept the price increase. B) the maximum amount of money a consumer would pay to avoid the price increase. C) the change in consumer surplus resulting from a price increase. D) the change in utility resulting from the increase in price.
Free market economies have led to
a. high growth rates but low efficiency. b. high efficiency and low growth rates. c. high growth rates and high efficiency. d. low growth rates and low efficiency.