Free markets produce relatively high levels of efficiency but low rates of growth
a. True
b. False
Indicate whether the statement is true or false
False
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John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending
A) the economy will benefit in the short run and benefit by an even greater amount in the long run. B) this will have a major negative impact on the economy in both the short run and in the long run. C) this may benefit the economy in the long run, but could be counterproductive in the short run. D) this may benefit the economy in the short run, but not in the long run.
The effects of an increase in real money demand on an economy
A) is an argument against flexible exchange rates. B) is an argument in favor of flexible exchange rates. C) shows the difficulties in determining which exchange rate regime is better. D) is an argument in favor of flexible exchange rates only in the short run. E) is an argument against flexible exchange rates only in the short run.
Which part of the Foreign Corrupt Practice Act (FCPA) requires companies to keep books and record that accurately and fairly reflect the transactions of the corporation?
A) Part II B) Part VI C) Part I D) Part III
The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,800. Fixed cost is $160,000.
At what output does the firm reach minimum average variable cost?
A. 8,000 B. 6,000 C. 100 D. 7,400 E. 600