It is impossible to conduct ________ policy and maintain a ________ exchange rate.
A. monetary; floating
B. fiscal; fixed
C. monetary; fixed
D. fiscal; floating
Answer: C
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A firm's demand for labor
A) increases when the price of the firm's output falls. B) decreases when the price of the firm's output falls. C) decreases when the wage rate decreases. D) always increases when the prices of other factors fall.
If the marginal propensity to consume (MPC) is 0.90, a $100 increase in investment spending, other things being equal, will cause an increase in equilibrium real GDP of:
a. $90. b. $100. c. $900. d. $1,000.
The relatively low rate of inflation coupled with a low unemployment rate that occurred in the 1990s represented a "normal" economic situation
a. True b. False Indicate whether the statement is true or false
Which of the following situations would cause the greatest increase in labor productivity?
A. The increase in the employment rate is greater than the increase in capital. B. The employment rate remains the same and capital decreases. C. The employment rate increases and capital remains the same. D. The increase in capital is greater than the increase in the employment rate.