The real effect of a given monetary shock is larger the more stable the underlying monetary environment
a. true
b. false
Answer: a. true
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Robinson Crusoe divides his time between catching fish and gathering fruit. Part of his production possibilities frontier is given in the above table
If Mr. Crusoe is on his PPF and he increases the amount of fruit he gathers from 56 to 90 pounds, the opportunity cost is A) 37 pounds of fish. B) 31 pounds of fish. C) 17 pounds of fish. D) 34 pounds of fruit. E) 90 pounds of fruit.
Free markets produce allocatively efficient outcomes and have no flaws
a. True b. False Indicate whether the statement is true or false
In which of the following periods did nations of the European Union experience the lowest average annual rate of growth of per capita real Gross Domestic Product (GDP)?
A. 1981-1990 B. 1991-2000 C. 2001-2010 D. 2011-2017
College tuition expenses have risen from 1982 to 2012 by
A. an amount equal to prices in general. B. an amount greater than average prices. C. an amount less than average prices. D. the amount of the percentage increase in the overall CPI.