The primary objective of the ECB is to:
A) promote economic growth.
B) promote full employment.
C) foster an equitable distribution of income.
D) maintain price stability.
Ans: D) maintain price stability.
Economics
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What situation would make the demand for new cars relatively more price elastic?
a. Auto manufacturers have a difficult time hiring skilled workers. b. Auto manufacturers find it easy to hire skilled workers. c. Car buyers are prosperous, and they are seeking luxury cars. d. There is a plentiful supply of used cars.
Economics
The aggregate supply curve represents levels of output that producers are willing to sell at
A) each level of the real interest rate. B) each level of real GDP. C) each price level. D) each inflation rate.
Economics