If productivity and wages both rise by 3 percent, then the aggregate supply curve shifts up.
Answer the following statement true (T) or false (F)
False
This combination does not alter production costs and thus doesn't affect the AS curve.
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The theory of purchasing power parity
A) extends the law of one price to a group of goods. B) assumes that most changes in nominal exchange rates are the result of changes in real exchange rates. C) assumes that inflation rates are roughly the same in most countries. D) was valid only under the gold standard.
Which of the following is an example of risk in capital budgeting on a global basis?
A) exchange rate changes B) tariff changes C) expropriation D) All of the above
Classrooms within schools show about the same segregation as the schools themselves
Indicate whether the statement is true or false
Total utility can be calculated as the
a. sum of all marginal utilities b. price paid for one unit of a good c. product of all marginal utilities d. total expenditure on all units of a good the consumer buys e. difference between the marginal utilities of the first and last units of a good