If demand is perfectly inelastic, then the demand curve will be vertical
a. True
b. False
Indicate whether the statement is true or false
True
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The above figure shows the market for hamburger. Which panel shows the effect of a drought in "cattle country"?
A) Figure A B) Figure B C) Figure C D) Figure D
Suppose that the spot exchange rate for a foreign currency is equal to $120, while the interest rate in dollars is 2% and the interest rate in the foreign currency is 3%. What is the approximate forward rate that is consistent with this situation?
A) $115.56 B) $124.44 C) $118.77 D) None of the above.
Which of the following would NOT be a factor that has contributed to the rising female labor force participation rate?
A. increasing family size B. greater access to training C. greater access to education D. reduction of barriers to competing with men for jobs
Answer the following questions true (T) or false (F)
1. Since World War II, the Federal Reserve has not been involved in carrying out monetary policy. 2. Inflation rates during the years 1979-1981 were the highest the United States has ever experienced during peacetime. 3. The main goal of monetary policy for recent Fed Chairmen has been to maintain high employment in labor markets.