Answer Happy

18. "Liquidity trap" was a problem of a) monetary policy of Japan and Sweden. b) fiscal policy in Japan. c) fiscal and monetary policy of Japan. d) fiscal and monetary policy of both Japan and Sweden e) monetary policy of Japan, fiscal policy of Sweden 19. The best-known unit of agricultural organization in China prior to recent reforms was a) the kollhoz b) the link c) the commune d) none of the above 20. Judged in terms of the mechanisms used to allocate resources, Sweden is a) a planned economy. b) a market economy c) a command economy. d) a traditional economy e) none of the above 21. Chinese economic performance a) has been seriously affected by ideological campaigns b) has been among the best in Asia since the Cultural Revolution c) is difficult to gauge from the limited statistics d) has not varied much over the years e) both a and care correct. 22. The Sherman Act outlaws a) existing monopolies b) horizontal mergers c) the attempt to monopolize d) vertical mergers. e) none of the above 23. The basic problem of macroeconomic financial planning was a) to make sure that there was a balance in the foreign trade account. b) to ensure that the demand for steel and other basic commodities equaled the supply. c) to set prices equal to cost. d) to equate the aggregate demand to aggregate supply. e) all of the above. 24. The Household Responsibility System in China a) was introduced in the 1990s. b) changed households' ability to buy and sell crops. c) released large farms from state ownership. d) eliminated communes (e) both b and d ore conect 4