The ability to read, write, and run calculations are examples of human capital.
Answer the following statement true (T) or false (F)
True
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How many Federal Reserve Banks are there?
A) 7 B) 12 C) 15 D) 5500 (approximately)
Explain what happens to the short-run aggregate supply curve when output exceeds its potential
What will be an ideal response?
For a given interest rate, r, which of the following expressions is smallest?
a. 1 + r. b. (1 + r/2)2. c. (1 + r/12)12 d. (1 + r/365)365.
Microeconomics focuses on ____; macroeconomics concentrates on ____
a. the basic tools of analysis; the use of abstractions and models b. the economies of various countries; the decisions of individual companies c. the decisions of individual units; the behavior of entire economies d. the economic aggregates; the decisions of individual units