If the central bank pursues a monetary policy that is more expansionary than what firms and people expect, then the central bank must be trying to
A) boost output in the short run.
B) constrain output in the short run.
C) constrain prices.
D) boost prices in the short run.
A
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The difference between a specific tariff and an ad valorem tariff is that a specific tariff
a. is a set amount of money per unit of a product, while an ad valorem tariff is a set percentage of product price b. is a set percentage of product price, while an ad valorem tariff is a set amount of money per unit of a product c. names a particular good to which the tariff applies, while an ad valorem tariff applies to large classes of products d. applies only to imports, while an ad valorem tariff applies only to exports e. sets a strict quota limit on the amount one individual can purchase, while an ad valorem tariff sets no such limit
Government policies designed to change the distribution of income to one that is more equal involve taking from the rich and giving to the poor
a. True b. False Indicate whether the statement is true or false