Relative purchasing power parity is:
a. More accurate the shorter the time period.
b. Worse than absolute purchasing power parity at predicting changes in exchange rates.
c. Highly inaccurate because of the conflict between monetary policy and fiscal policy.
d. More accurate the longer the period of time.
e. All the above.
.D
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Use the figure below to answer the following question.
If the output level is Q2, then there will be
A. greater marginal benefits than marginal costs of the product. B. minimum net consumer surplus. C. allocative efficiency. D. maximum deadweight losses.
On average, since 1900 U.S. output has grown by roughly ________ percent per year.
A. 3 B. 9 C. 1 D. 6
An increase in the amount of human capital labor... the short-run aggregate supply curve and ... the long-run aggregate supply curve
What will be an ideal response?
The proportion of the labor force that is unemployed is the
A. Unemployment rate. B. Okun's Law. C. Employment index. D. Underemployed rate.