If receipts of factor income from the rest of the world exceed payments of factor income to the rest of the world, then
A. GDP equals GNP.
B. GNP equals NNP.
C. GNP is greater than GDP.
D. GDP is greater than GNP.
Answer: C
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Forward Guidance refers to:
A. a process similar to open-market purchases B. information that a central bank provides to the financial markets regarding its expected future monetary- policy path C. lending of reserves by the Federal Reserve to commercial banks D. a process similar to open-market sales
The costs of the process of bargaining to reach a mutually satisfactory agreement are called negotiation costs
Indicate whether the statement is true or false
Suppose you are very picky about your outdoor BBQ experiences --- and you need exactly 1 cup of lighter fluid for each bag of charcoal you use. If you have either leftover charcoal or leftover lighter fluid, you simply discard it. a. With cups of lighter fluid on the horizontal and bags of charcoal on the vertical axis, illustrate some of your indifference curves. b. Suppose that your favorite charcoal has just gotten better because the producer has infused the charcoal with half a cup of lighter fluid per bag. How does your answer to (a) change? c. How could you change the units in which lighter fluid is measured on the horizontal axis to get your graph from (b) to look the same as you original graph in (a)?
What will be an ideal response?
The supply of hydro electric power:
a. can be varied infinitely in the short run. b. remains fixed in the long run. c. decreases with an increase in price in the short run. d. reduces in the future due to continuous consumption today. e. increases with an increase in price in the long run.