The Federal Reserve's policy to "lean against the wind" means that
A. interest rates are increased gradually as the economy expands.
B. interest rates are decreased as the economy expands.
C. reserve requirements are decreased as the economy expands.
D. reserve requirements are decreased significantly during an economic expansion.
Answer: A
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Which of the following statements is true?
A) Output is likely to be the same in a command economy and a market economy. B) Output is likely to be lower in a market economy than a command economy. C) Output is likely to be lower in an economy with extractive institutions than an economy with inclusive institutions. D) Output is likely to be the same in an economy with extractive institutions and an economy with inclusive institutions.
Refer to Scenario 5.3. Based on the 10 years' past performance, rank the companies' expected revenue, highest to lowest:
A) Whizbo, Yowzo, Zowiebo B) Whizbo, Zowiebo, Yowzo C) Zowiebo, Yowzo, Whizbo D) Zowiebo, Whizbo, Yowzo E) Zowiebo, with Whizbo and Yowzo tied for second