Which of the following is a series of events that accurately describes the steps by which restrictive monetary policy is effective?
A. Increase in M1, decrease in investment, and decrease in interest rate.
B. Decrease in interest rate, decrease in M1, and increase in investment.
C. Decrease in M1, increase in interest rate, and decrease in investment.
D. Increase in M1, increase in interest rate, and increase in investment.
Answer: C
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The nominal rate of protection shows the extent to which the domestic price of imported goods exceeds
(a) what the price would be without tariffs. (b) the cost of intermediate inputs. (c) the social opportunity costs of the good. (d) the no-trade equilibrium price.
An individual who has stopped looking for a job because he is convinced that he cannot find a job is referred to as
A) a contingent worker. B) a productive worker. C) a discouraged worker. D) an unemployed worker.