Alternative proposals to change the current system of exchange rates include
a. a new explicit system of fixed exchange rates.
b. adjustable target zones for exchange rates.
c. a dirty float rate system.
d. Both a and b
e. Both b and c
D
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The Malthusian population trap model has been criticized on the grounds that it
(a) ignores the role of technological progress. (b) assumes that population growth is primarily determined by individual choice over the number of children to have. (c) both (a) and (b) are correct. (d) neither (a) nor (b) is correct.
The profit-maximizing output level for a monopolist occurs where marginal revenue equals marginal cost.
Answer the following statement true (T) or false (F)
An expansionary fiscal policy may be:
A. offset by lowering tax rates. B. reinforced by raising tax rates. C. partially offset by the crowding-out effect. D. reinforced by the crowding-out effect.
A technological change would cause movement along the demand curve for inputs.
Answer the following statement true (T) or false (F)