Futures contracts are marked-to-market
A) every day.
B) every week.
C) every month.
D) every quarter.
A
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If a policy maker is convinced that time lags frequently negate the impact of short-run stabilization efforts, it is likely she would favor ________ policy making
A) nondiscretionary B) discretionary C) aggressive D) active
GDP handles household production by
A) estimating a dollar value of the goods purchased to do housework. B) ignoring it. C) including it in real GDP but not in nominal GDP because there are no prices paid for the work. D) estimating a dollar value of the services provided. E) including it in exactly the same way that all other production is included.
We showed above that a profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor
But, as the text showed in an earlier chapter, a profit-maximizing firm will produce the quantity of output such that price equals marginal cost. Are these two rules inconsistent?
If every country uses tariffs, everyone is likely to lose
a. True b. False Indicate whether the statement is true or false