Utilitarianism is a principle whose goal is ________.
A) the greatest happiness for the greatest number
B) the greatest pay for the greatest number
C) equal pay for equal work
D) equal happiness for all workers
Ans: A) the greatest happiness for the greatest number
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The information in the table above gives the 2012 reference base period CPI basket and prices used to construct the CPI for a small nation. It also has the 2013 prices. What is the value of the CPI for 2013?
A) 140 B) 133 C) 100 D) 75
Quantitative easing involves policies that are designed to:
A. directly increase the money supply by a certain amount. B. indirectly increase the money supply by decreasing interest rates. C. directly increase aggregate demand through increased government spending. D. indirectly increase aggregate demand through decreased taxes.