The United Kingdom dropped out of the ERM to avoid worsening a recession
Indicate whether the statement is true or false
TRUE
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The federal funds rate is a:
A) short-term nominal interest rate. B) short-term real interest rate. C) long-term real interest rate. D) long-term nominal interest rate.
Exhibit 3-6 Milk market Price per Quart Quantity Demanded (Quarts per week) Quantity Supplied (Quarts per week) 0.70 20 180 0.60 60 140 0.50 100 100 0.40 140 60 0.30 180 20 In Exhibit 3-6, which of the following is true about the milk market? ?
A. At price 0.60 there is an excess demand of milk. B. At price 0.40 there is an excess supply of milk. C. At price 0.70 there is an excess supply of milk. D. At price 0.50 there is an excess demand of milk.
According to the above table, Hillary's marginal utility from watching the 4th movie is
A. 30 units of utility. B. 140 units of utility. C. 60 units of utility. D. 40 units of utility.
If Tom's total utility from watching one more minute of television increases but the increase for each additional minute is smaller than the previous minute, he has diminishing marginal utility
Indicate whether the statement is true or false