One key assumption lying behind the policy irrelevance proposition is that

A) wages are "sticky" downward.
B) prices are "sticky" upward.
C) the rational expectations hypothesis is correct.
D) markets are not purely competitive.


C

Economics

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Using the table above, if the current market value of the dollar is 90 francs

A) investor A expects dollar appreciation, but B and C expect depreciation. B) investor C expects dollar depreciation, but A and B expect appreciation. C) all three investors expect the dollar to appreciate. D) all three investors expect the dollar to depreciate.

Economics

Prosperity in the United States is evenly distributed across the 50 states.

Answer the following statement true (T) or false (F)

Economics

Developing countries are not typified by the following:

a. high literacy rates b. high unemployment rates c. high fertility rates d. high exports of primary products

Economics

In 1929 we produced over _____ million motor vehicles.

Fill in the blank(s) with the appropriate word(s).

Economics