Economic rent is paid
A. only to landlords.
B. to resources which would be made available for lower payments.
C. illegally.
D. only in socialist economies.
B. to resources which would be made available for lower payments.
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When the Fed eases U.S. monetary policy, domestic interest rates ________, making U.S. assets relatively less attractive to foreign investors, and ________ the equilibrium exchange rate.
A. rise; increasing B. fall; decreasing C. fall; increasing D. rise; decreasing
Which of the following men has NOT served as Chairman of the Board of Governors?
A) Milton Friedman B) Arthur Burns C) Paul Volcker D) Alan Greenspan
If the Fed were to allow unemployment to remain at a higher level than NAIRU:
A. It would lead to deflation. B. the dual mandate would be violated. C. they would fail to maintain full employment. D. All of these statements are true.
A university requires that all entering first-year students learn how to use word processing and spreadsheet software. This is an investment in what type of capital?
A. human B. productive C. financial D. tangible