Which of the following will not produce an outward shift of the production possibilities curve?
A. An upgrading of the quality of a nation's human resources.
B. The reduction of unemployment.
C. An increase in the quantity of a society's labor force.
D. The improvement of a society's technological knowledge.
Answer: B
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The "Greenspan doctrine"—central banks should not try to prick bubbles—was based on which of the following arguments?
A) Asset-price bubbles are nearly impossible to identify. B) Monetary actions would be likely to affect asset prices in general, rather than the specific assets that are experiencing a bubble. C) Raising interest rates has often been found to cause a bubble to burst more severely. D) Monetary policy actions to prick bubbles can have harmful effects on the aggregate economy. E) All of the above.
If your bank receives a checkable deposit of $20,000 cash, and the banking system makes loans totaling $60,000 . the maximum possible, then the money multiplier must be:
a. 2. b. 2.5. c. 3. d. 3.5. e. 4.
If a given unit of money is made of different commodities or different grades of commodity, then according to Gresham's Law, people trade away the best money and hoard inferior money
Indicate whether the statement is true or false
The demand for dishwashers facing the AllClean Co. is given in the figure above. The firm manufactures dishwashers in two plants. MC1 and MC2 are the marginal cost curves for those two plants. What price should the firm set?
A. $25 B. $30 C. $40 D. $45 E. $55