Which of the following economic perspectives focuses on the need for government to shift aggregate supply to correct problems of unemployment and inflation?

A. Monetary.
B. Classical.
C. Keynesian.
D. Supply-side.

Answer: D

Economics

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A provision of the Dodd-Frank Act of 2010 revised the Federal Reserve Act to

A) restrict the Fed's ability to make loans except to commercial banks. B) allow the Fed to buy commercial paper issued by nonfinancial firms. C) allow the Fed to make loans to investment banks. D) allow the Fed to make loans to any individual, partnership, or corporation in unusual and exigent circumstances.

Economics

De Beers has a monopoly in the market for diamonds because they own a significant portion of the known diamond mines. One important source of challenge to De Beers' control of the diamond market is

a. the additional market supply from Russia, Australia, and Canada b. the emerging auction markets for diamonds in France and Spain c. the growing demand for diamonds in industrial uses d. that its South African mines are not producing as many diamonds as they did decades ago e. antitrust legislation in the United States

Economics