The Federal Reserve has been quite consistently successful in keeping the inflation rate low over its entire history
a. True
b. False
B
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The average product of the 30th input item is
A. 200. B. 120. C. 24. D. 12.
The birth of the Euro
A) resulted in fixed exchange rates between all EMU member countries. B) resulted in flexible exchange rates between all EMU member countries. C) resulted in crawling-peg exchange rates between all EMU member countries. D) resulted in non currency board exchange rates between all EMU member countries. E) resulted in floating exchange rates between all EMU member countries.
If we know that the slope of the consumption function is 0.6, then we know that if real disposable income increased by $1,000 billion, real consumption spending would
a. increase by $60 billion b. increase by $1,000 billion c. increase by $600 billion d. increase by $6,000 billion e. decrease by $6 billion
The production possibilities curve represents the maximum feasible production combinations resulting from
A. a fixed amount of demand by consumers. B. the mix of current resources that utilizes all available inputs using current technology. C. the lack of trade-offs in production. D. the lack of technology used in production.