Refer to Table 8-11. Nominal GDP for Tyrovia in 2016 equals
A) $1,140. B) $880. C) $690. D) $560.
A
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The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the percentage change in price?
A) 8.2 percent B) 15.5 percent C) 10.5 percent D) 5.0 percent E) 1.0 percent
________ in the foreign interest rate causes the demand for domestic assets to ________ and the domestic currency to appreciate, everything else held constant
A) An increase; increase B) An increase; decrease C) A decrease; increase D) A decrease; decrease
Politicians face strong incentives to favor _____ over _____
a. the rich; the middle class b. special interests; the public interest c. the rationally ignorant; special interests d. the future; the present
The evidence is that central bank decision makers
A. should be independent of and insulated from political pressures. B. are corrupt. C. should have Congress dictate their actions to them. D. should be elected.