Expected value and expected utility are synonyms.
Answer the following statement true (T) or false (F)
False
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In the figure above, a firm is operating at point A on the graph. At point A, the firm's average cost curve
A) has negative slope. B) has positive slope. C) is horizontal. D) is vertical.
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The GDP Price Index rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). b. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). c. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). d. There is not enough information to determine what happens to these two macroeconomic variables. e. The GDP Price Index and net nonreserve-related international borrowing/lending remain the same.
Contractionary fiscal policy will lead to a(n)
A) decrease in the supply of dollars in the foreign exchange market. B) fall in interest rates. C) increase in the demand for dollars in the foreign exchange market. D) reduction in exports.
Income tax collections:
A. fall during periods of prosperity, thus increase federal budget deficits. B. rise during periods of prosperity, thus reduce federal budget deficits. C. fall during recessions, thus increase the problem of unemployment. D. rise during recessions, thus increase the problem of unemployment.