In the long run, command-and-control (CAC) regulations encourage firms to develop new technology to lower future emissions
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is an example of a discretionary fiscal policy during a recession?
A) A temporary tax cut to boost consumption B) A decrease in money supply to lower the federal funds rate C) A decrease in transfer payments to unemployed workers D) An increase in tax rates to increase revenue
Which of the following is not a consequence of the Fed changing the reserve requirement?
A) Changes in the ratio are easily incorporated into banks' routine management. B) Changes in the ratio effectively places a tax on banks' deposit taking and lending activities. C) Decreasing the ratio will increase excess reserves. D) Increasing the ratio will decrease the amount of reserves banks have to loan.
Comment on the following statement: The level and growth rate of real GDP per capita can be a misleading indicator of development
At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed.
The price of one currency in terms of another country's currency is known as the
A) nominal exchange rate. B) real exchange rate. C) relative inflation rate. D) purchasing power parity rate.