In the short run, an unanticipated shift to a more restrictive monetary policy is most likely to result in
a. a decrease in short-term interest rates.
b. a reduction in the growth rate of real GDP.
c. an increase in the rate of inflation.
d. an increase in employment.
B
Economics
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An oligopolist operating with a kinked demand curve would expect rivals to match both its price increases and price decreases
a. True b. False Indicate whether the statement is true or false
Economics
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
Economics