The supply curve for innovative activities tells us the quantity of innovative activities supplied, given their price.
Answer the following statement true (T) or false (F)
True
The supply curve for innovative activities tells us the quantity of innovative activities supplied, given their price.
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The short-run Phillips curve shows the relationship between the
A) inflation rate and the unemployment rate. B) inflation rate and the nominal interest rate. C) natural unemployment rate and the expected inflation rate. D) natural unemployment rate and the real interest rate. E) expected inflation rate and the unemployment rate.
During 1990, a Hershey candy bar cost $.85. By 2007, the same Hershey candy bar cost $1.25. If the CPI was 130.7 in 1990 and 180.5 in 2007, the price of the 1990 Hershey candy bar in 2007 prices is
A) greater than the price of the 2007 Hershey candy bar. B) less than the price of the 2007 Hershey candy bar. C) equivalent to the price of the 2007 Hershey candy bar. D) perhaps greater than, perhaps less, or perhaps the same depending on whether the CPI in 2007 has been adjusted to reflect 2007 prices. E) not able to be determined given the information in the question.
Under a fixed exchange rate regime, if the domestic currency is initially ________, that is, ________ par, the central bank must intervene to purchase the domestic currency by selling foreign assets
A) overvalued; below B) overvalued; above C) undervalued; below D) undervalued; above
The mass use of credit cards began in 1958 with the BankAmericard. Its name changed in 1976 to
A) Visa B) Master Card C) Visa D) American Express