Are tariffs and quotas equivalent in their economic effects? Demonstrate
What will be an ideal response?
No. There are government revenue differences. There are differences related to market dynamics, industrial organization of the protected industry, administration, and the potential for corruption.
Economics
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Which of the monetary policy tools can alter both the level of excess reserves and the money multiplier?
A. Open-market operations. B. The reserve ratio. C. The discount rate. D. The federal funds rate.
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
Economics