Which of the following statements is true?
A) Arithmetic or geometric growth rates gives similar answers for long periods.
B) Using either arithmetic or geometric average to compute average growth rates gives similar answers for short periods.
C) Geometric average of growth rate ignores the exponential nature of growth.
D) Arithmetic calculation of growth rate considers the exponential nature of growth.
B
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What does the term "undercutting" refer to?
What will be an ideal response?
Which of the following has a more elastic demand?
a. a hamburger b. an automobile c. breakfast cereal d. microwave oven
An "open market operation" is said to occur when the Fed
A) arranges for the merger of two banks. B) changes the interest rate at which it lends reserves. C) transfers reserves between banks. D) buys or sells government securities.
A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in:
A. frictional unemployment. B. structural unemployment. C. cyclical unemployment. D. a higher labor force participation rate.