If the rate of inflation is 6 percent, the nominal interest rate is 9%, and the unemployment rate is 7%, how much is the misery index?
What will be an ideal response?
6 + 7 = 13
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A normal production possibilities frontier has a
A. positive slope and is steeper near the horizontal axis than near the vertical axis. B. negative slope and is steeper near the horizontal axis than near the vertical axis. C. positive slope and is steeper near the vertical axis than near the horizontal axis. D. negative slope and is steeper near the vertical axis than near the horizontal axis. E. zero slope, and it does not touch the horizontal axis.
Giving managers an ownership stake in a company is an example of
A) a command system. B) an incentive system. C) a system that encourages managers to become agents that monitor their principals. D) economies of scope.
A decrease in the market clearing exchange value of the home nation's currency in terms of the currency of another nation is a home currency
A) appreciation. B) revaluation. C) depreciation. D) devaluation.
The gains from general training in human capital tend to go to the
A. individual and not to the employing firm. B. federal government in the form of higher taxes. C. parents since they paid for the education in the first place. D. employing firm and not to the individual.