What prompted the EU countries to seek closer coordination of monetary policies and greater exchange rate stability in the late 1960s?
What will be an ideal response?
(1 ) To enhance Europe's role in the world monetary system
(2 ) To turn the European Union into a truly unified market
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Figure 11-8
Given the average cost curve shown in Figure 11-8 for dry cleaning, where Q1 is the quantity demanded in a small town, and Q2 for a larger town, you would expect dry cleaning to be a monopoly
A. in a small town, but not a large one. B. in both large and small towns. C. in a large town, but not a small one. D. only if the process is patented.
Since a monopolist has a unique product, it makes no sense for the firm to advertise
a. True b. False Indicate whether the statement is true or false
Which of the following compose the M2 money supply?
a. currency only b. currency, demand deposits, other checkable deposits, and traveler's checks c. M1 plus large denomination time deposits and Eurodollar deposits d. M1 plus savings deposits, small-denomination time deposits, and money market mutual funds (retail)
First, provide a brief explanation of what the unemployment rate measures. Second, explain how changes in each of the components of the unemployment rate can cause changes in the unemployment rate
What will be an ideal response?