The central bank of a country alters the quantity of money in a way that affects the supply curve in the market for loanable funds. In this way, it is able to change the interest rates
a. True
b. False
Indicate whether the statement is true or false
True
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The text lists all of the following as outcomes of McDonald's experimental adoption of remote order taking except:
A) a decrease in accuracy in filling orders. B) increased speed at the drive through window. C) an increase in the costs associated with the drive-through portion of McDonald's business. D) employee dissatisfaction with constant monitoring and the stress of the process.
Refer to the above table. For which prices is demand inelastic?
A) in a range of prices below $6.00 B) in a range of prices above $6.00 C) in a range of prices between $5 and $1 D) in a range of prices above $9.00
Which of the following statements is most likely correct?
a. A nation may sometimes want a stronger exchange rate to stimulate aggregate demand and reduce a recession or to fight inflation. b. A nation may sometimes want a weaker exchange rate to stimulate aggregate supply and reduce a recession or a stronger exchange rate to fight inflation. c. A nation may sometimes want a stronger exchange rate to stimulate aggregate demand and fight inflation or a weaker exchange rate to reduce a recession. d. A nation may sometimes want a weaker exchange rate to stimulate aggregate demand and reduce a recession or to fight inflation.
Which of the following would definitely not be included in the measurement of GDP?
A) value of the services of a painter who paints your garage B) value of the services of a person who mows his or her own lawn C) value of the services of a maid who cleans your house D) value of the services of a plumber who fixes your kitchen sink