Which of the following men has NOT served as Chairman of the Board of Governors?
A) Milton Friedman
B) Arthur Burns
C) Paul Volcker
D) Alan Greenspan
A
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When the price of a good decreases,
A) supply increases. B) supply decreases. C) quantity supplied increases. D) quantity supplied decreases.
Merger guidelines developed by the Antitrust Division of the U.S. Department of Justice use four-firm concentration ratios as measures of concentration
Indicate whether the statement is true or false
Which of the following demonstrates the ideal use of expansionary fiscal policy?
A. The government slowly hires unemployed workers and puts them to work on permanent projects that continue long after the economy recovers. B. The government quickly hires already-employed workers and puts them to work on projects that are finished as the economy recovers. C. The government quickly hires unemployed workers and puts them to work on projects that are finished as the economy recovers. D. The government quickly hires unemployed workers and puts them to work on permanent projects that continue long after the economy recovers.
Which of the following groups would be most likely to benefit from a tariff on Japanese-manufactured light trucks (i.e., pickup trucks)?
A. U.S. firms that export products to Japan B. U.S. domestic pickup truck manufacturers C. U.S. consumers of pickup trucks D. Japanese auto workers