Expansionary fiscal policy is likely to lead a nation's currency to depreciate
Indicate whether the statement is true or false
FALSE
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Brandon, an economist, is a believer of the rational expectations school. According to him, which of the following is likely to affect the levels of output and employment in an economy?
a. An expansionary monetary policy, if it is fully anticipated b. A recessionary monetary policy, if it is fully anticipated c. A monetary policy that is unanticipated d. A fiscal policy that is anticipated e. The Fed's announcement of no change in monetary policy
If no resources had a comparative advantage in the production of any good, the production possibility curve would be:
A. bowed inward. B. a downward-sloping straight line. C. a horizontal line. D. bowed outward.
In a production process, all inputs are increased by 10%; but output increases less than 10%. This means that the firm experiences
A) decreasing returns to scale. B) constant returns to scale. C) increasing returns to scale. D) negative returns to scale.
The top 25 most frequently used DRGs accounted for approximately _______ percent of all discharges under Medicare
a. 28 b. 38 c. 48 d. 58 e. 68