In the above figure, the opportunity cost of moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles is
A. 50 guitars.
B. 25 ukuleles.
C. 25 guitars.
D. 75 ukuleles.
Answer: C
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If checkable deposits in Bank A total $300 million and the required reserve ratio is 10 percent, then required reserves at Bank A equal
A) $3.0 million. B) $30.0 million. C) $3.3 million. D) $300,000
Which of the following will cause a real appreciation?
A) a reduction in E B) a decrease in P C) an increase in P D) none of the above
According to mainstream macroeconomists, U.S. macro instability has resulted from:
A. investment "booms" and "busts" and, occasionally, adverse aggregate supply shocks. B. adherence by the Fed to a monetary rule. C. government's attempts to balance its budget. D. wide fluctuations in net exports.
The long-run Phillips curve is located at the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false