Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies
B) Focus on economic growth
C) Focus on income redistribution
D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners
E) Focus on controlling inflation
E
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The economy's self-correcting mechanism tends to push the unemployment rate back to a specific rate of unemployment. How?
Black Oil Company considered building a service station in a new location. The owners and their accountants decided that this was the profitable thing to do. However, soon after they made this decision, both the interest rate and the cost of building the station changed. In which case do these changes both make it less likely that they will now build the station?
a. Interest rates rise and the cost of building the station rises. b. Interest rates rise and the cost of building the station falls. c. Interest rates fall and the cost of building the station rises. d. Interest rates fall and the cost of building the station falls.