In the U.S. economy, building human capital is more important than building physical capital
a. True
b. False
Indicate whether the statement is true or false
False
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In the table above, how many jackets must Mary forgo for every dress she makes?
A) 2/3 of a jacket B) 12 jackets C) 3/4 of a jacket D) 8 jackets E) 1 1/2 jackets
In the above figure, if the economy is at equilibrium at E1, the Fed would most likely
A. attempt to lower the aggregate demand in the economy. B. adopt an expansionary monetary policy. C. adopt a contractionary monetary policy. D. attempt to lower the price level below 120.
Assuming no other changes, if checkable deposits increase by $40 billion and currency in circulation decreases by $40 billion, the:
A. M1 money supply will decline. B. M1 money supply will not change. C. M2 money supply will decline. D. M2 money supply will increase.
Refer to the information provided in Figure 3.7 below to answer the following question(s).
?Figure 3.7Refer to Figure 3.7. If pizza and beer are complementary goods, an increase in the price of beer will cause a movement from Point B on demand curve D2 to
A. demand curve D1. B. Point C on demand curve D2. C. demand curve D3. D. Point A on demand curve D2.