Inflation-targeting means that the central bank is legally required to focus only on keeping inflation high
a. True
b. False
Indicate whether the statement is true or false
False
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The supply-demand mechanism will bring an international market into equilibrium
a. at a price below the domestic price. b. where domestic supplies are less than domestic demand. c. with one nation's price higher than the other nation's price. d. when the quantity demanded for exports is equal to quantity supplied.
A. it is the most environmentally friendly way to produce goods. B. least-cost production techniques use the smallest total quantity of resources. C. competitive pressures in the market will drive out higher-cost producers. D. the government
provides tax credits and subsidies to low-cost producers. A. it is the most environmentally friendly way to produce goods. B. least-cost production techniques use the smallest total quantity of resources. C. competitive pressures in the market will drive out higher-cost producers. D. the government provides tax credits and subsidies to low-cost producers.
In Figure 5.7, assuming perfect competition, which price is associated with profit being exactly normal? 
A. MR1 B. MR2 C. MR3 D. MR4
Refer to the information provided in Figure 26.1 below to answer the question(s) that follow.
Figure 26.1Refer to Figure 26.1. This economy is most likely experiencing excess capacity at aggregate output levels
A. below $500 billion. B. above $1,500 billion. C. between $500 billion and $1,000 billion. D. between $1,000 billion and $1,500 billion.