Any capital resource that lacks clear title ownership is
A) the result of foreign direct investment. B) free capital.
C) dead capital. D) capital destruction.
C
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Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars)________ worth of international reserves per period.
A. $2,000 B. $5,500 C. $300 D. $825
The rational expectations hypothesis implies that discretionary macropolicy may be
a. relatively effective in both the short run and long run. b. relatively effective in the short run but ineffective in the long run. c. relatively ineffective both in the short run and long run. d. effective in the long run since decision makers will continually make predictable, systematic errors.
An example of the type of crime that is contemplated by the rational criminal model is
A. spousal abuse. B. car theft. C. school shooting. D. rape.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.