Based on this figure, if the official fixed value of krone is fixed at $0.15 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period.
A. overvalued; decrease by 5,500
B. undervalued; increase by 5,500
C. overvalued; decrease by 2,000
D. undervalued; increase by 2,000
Answer: A
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Unemployment is a lagging indicator because:
A. employers wait to see how bad a recession looks before making the difficult decision to lay off workers. B. employers wait to see how solid a recovery looks before committing to take on new employees. C. firms may first try to decrease or increase the hours of existing employees before changing levels of employment. D. All of these are reasons that make unemployment a lagging indicator.
The face value of a ticket to the Super Bowl was approximately $1,200 in 2011 . The game is very popular and there are a number of fans who are not able to get tickets to this game. At the same time, many fans claim that prices are too high and that the
NFL should lower the face value of the ticket prices. Would a decrease in ticket prices move the market towards equilibrium? Would it eliminate the shortage of tickets? Why or why not?
Three years ago Dawn put $1,200 into an account paying 2 percent interest. How much is Dawn's account worth today?
a. $1,225.38 b. $1,248.48 c. $1,264.72 d. $1,273.45
As the dollar is devaluated
A. inflationary pressures are reduced and our standard of living is reduced. B. inflationary pressures are increased and our standard of living is increased. C. inflationary pressures are reduced and our standard of living is increased. D. inflationary pressures are increased and our standard of living is reduced.