The relationship between output growth and unemployment depends on the state of the economy.
Answer the following statement true (T) or false (F)
True
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The value of a slice of pizza to a consumer is equal to
A) its marginal benefit. B) the maximum price the consumer is willing to pay. C) the consumer surplus. D) Both answers A and B are correct. E) Both answers B and C are correct.
In what way does land differ from other inputs such as labor and capital?
What will be an ideal response?
Suppose that the forward rate of Mexican pesos per dollar is selling flat, with both the spot and forward rates trading at 15 pesos per dollar
If the relevant interest rates for a foreign exchange speculator are 3 percent on dollars and 13 percent in pesos, a potential arbitrage operation would involve A) selling pesos in the forward market. B) buying pesos in the forward market. C) borrowing pesos now. D) All of the above.
The decline in the transaction demand for money in the mid- and late 1970s
A) was accompanied by a fall in velocity. B) was predicted by most economists. C) may be partly explained by the development of money-market funds and other financial innovations. D) was the result of the Federal Reserve's easy-money policy.