Which of the following is a positive statement?
a. Increased money supply growth will lead to a higher rate of inflation
b. There are more millionaires in Uganda than in the United States.
c. People watch more TV during finals week than during the rest of the term.
d. All of the above are positive statements.
d
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When there is a shortage, producers raise prices in an attempt to
a. separate the quantity supplied and demanded b. raise the quantity demanded c. equalize the quantity supplied and demanded d. lower the quantity supplied
The trend in recent years is that more and more governments
A) have been granting greater independence to their central banks. B) have been reducing the independence of their central banks to make them more accountable for poor economic performance. C) have mandated that their central banks focus on controlling inflation. D) have required their central banks to cooperate more with their Ministers of Finance.