If the Fed has a strong preference for stable output relative to prices, the ________ curve is relatively ________.
A. AS; flat
B. AD; flat
C. AS; steep
D. AD; steep
Answer: D
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Human capital refers to the:
A. Stock of knowledge and skills that enables a person to be productive and earn income B. Number of workers in a country's labor force C. Number of labor hours worked in a country D. Schools, highways, and other infrastructure that increases labor productivity
During periods of poor economic performance, real GDP
A) declines and unemployment declines. B) is unchanged but unemployment rises sharply. C) declines and unemployment rises. D) declines but unemployment typically does not change.
The time it takes to identify and examine the nature and seriousness of an economic problem is the _____
a. activity lag b. decision-making lag c. effectiveness lag d. implementation lag e. recognition lag
The long-term financing dimension of financial management ________.
A) deals with the selection, issuance, and management of long-term debt and equity B) is unaffected by currency changes because everyone borrows in U.S. dollars C) focuses on the analysis of investment opportunities D) is independent of the capital structure of an MNE