Which of the following would be most likely to enhance the growth rate of an economy?
a. imposition of a quota restricting the quantity of steel imports
b. gradual elimination of all tariffs over the next 10 years
c. legislation limiting the number of hours employees can work during a week to 32
d. legislation requiring employers to provide one year of severance pay to any employee who is dismissed from employment
B
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Which of the following is likely to happen to the demand curve for reserves if the federal funds rate increases?
A) The demand curve for reserves will shift to the right. B) The demand curve for reserves will shift to the left. C) There will be an upward movement along the demand curve for reserves. D) There will be a downward movement along the demand curve for reserves.
Natural resource cartels such as OPEC are inherently unstable because their members operate with excess capacity and have an incentive to cheat on their output quotas
Indicate whether the statement is true or false