A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
A. regression towards the mean.
B. averaging.
C. the money supply.
D. compounding.
Answer: D
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The demand for the Franconian franc in the foreign exchange market equals 14,000 - 3,000e and the supply of francs in the foreign exchange market equals 2,000 + 2,000e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 3 U.S. dollars per franc, then to maintain this fixed rate Franconia's international reserves must:
A. decrease by 3,000 dollars per period B. decrease by 9,000 dollars per period C. increase by 3,000 dollars per period D. increase by 9,000 dollars per period
Citizens typically cast their ballots without acquiring complete information about the candidates or the issues because they
What will be an ideal response?
Which group of individuals most likely benefits from rent controls?
A. single parent families without savings or other financial assets who fail to obtain rental housing B. upper-income professionals who rent apartments at the price ceiling rate C. the unemployed who fail to obtain rental housing D. low-income wage earners who fail to obtain rental housing
The marginal cost curve of pollution abatement is
A) downward sloping. B) upward sloping. C) upward sloping up to a given level and then downward sloping. D) vertical.