The federal government agency that is responsible for determining the inflation rate and the unemployment rate is the Federal Reserve
Indicate whether the statement is true or false
False
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If a country has a fixed exchange rate
A) central banks must buy and sell their holdings of currencies to maintain a given exchange rate. B) central banks have more control over real GDP in the economy. C) the exchange rate is allowed to fluctuate in response to changes in the supply and demand for currency. D) the equilibrium exchange rate in that market does not respond to changes in supply and demand for currency.
The first term in an NPV calculation is usually
A) positive, because firms consider only positive returns. B) positive, because interest charges do not accrue until the second period. C) zero, because interest charges do not accrue until the second period. D) negative, because funds for the project have to be borrowed up front before it is begun. E) negative, because the cost of the project is immediate, but revenue streams from the project come later.
Suppose that Figure 10.5 shows a monopolist's demand curve, marginal revenue, and its cost. At the profit maximizing output level and price, the consumer surplus would be:
A. $2,450. B. $1,225. C. $612.50. D. $262.50.
Assume that in Narnia, planned investment is $80 billion but actual investment is $50 billion. Unplanned inventory investment is
A. -$150 billion. B. -$30 billion. C. $65 billion. D. $150 billion.