If the CPI is 150, the value of the dollar now compared to in the base period is
a. $1.50.
b. $1.
c. $0.67.
d. $0.50.
c. $0.67.
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Of the following high-income countries, which has the lowest number of MRI units per 1 million population?
A) Canada B) Japan C) the United Kingdom D) the United States
Keynesians believe that the economy will never will reach a full employment equilibrium.
Answer the following statement true (T) or false (F)
The higher are a firm's risk-corrected returns
A) the lower are its labor costs. B) the higher are its opportunity costs. C) the more advantage it has in obtaining investor financing. D) the more difficulty it will have financing its expansion plans.