The ECB has the following mandates, EXCEPT:
A) use interest rates to implement the policy of price stability.
B) use monetary policy to fulfill objectives of the European Union community.
C) not be under the jurisdiction of any other European Union institution.
D) finance deficits of member countries when needed.
Answer: D) finance deficits of member countries when needed.
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What will be an ideal response?
When a celebrity has the desire to have his image protected following his death, this is best described as an example of the protection of
A) a patent. B) intellectual property. C) an invention. D) a trademark.
Refer to Figure 26-12. In the dynamic AD-AS model, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely
A) not change interest rates. B) increase the inflation rate. C) increase interest rates. D) decrease interest rates.
Which of the following is a consequence of the formation of a cartel? a. Output produced will be lower than the equilibrium output. b. Prices charged will be lower than the equilibrium price
c. Consumer surplus will increase. d. Products will be more innovative.