A goal of contractionary monetary policy is to:
A) decrease the rate of growth of real GDP.
B) increase the rate of growth of real GDP.
C) increase inflation.
D) none of the above.
A
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One reason why producers have an incentive to organize in favor of protection is because
A) producer gains are spread across so many firms that no one gets a large share of the benefits. B) producer gains are relatively concentrated. C) there is no real cost to the economy. D) producer gains outweigh consumer losses. E) it is a cheap way to keep their employees happy.
People's preferences about the present are ________ with their preferences about the future, simply because the future choices are ________.
A. inconsistent; more distant B. consistent; easier to predict C. consistent; more distant D. inconsistent; harder to predict