The specific goals of central banks include each of the following, except:
A. low and stable inflation.
B. low and stable unemployment.
C. high and stable real growth.
D. high levels of exports.
Answer: D
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The above table shows the total product schedule for Hair Today, a hair styling salon. Based on the table, the marginal product for Hair Today
A) never reaches a maximum. B) decreases after the 1st worker. C) reaches a maximum with the 4th worker. D) reaches a maximum with the 3rd worker. E) reaches a maximum with the 5th worker.
An increase in interest rates causes that nation to experience an outflow of financial capital and causes its currency to depreciate
Indicate whether the statement is true or false
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be a one-time expense of the business?
A. The cost of the truck B. The cost of the gasoline C. The cost of ice cream cones D. All of these are one-time expenses.
If the Fed sells government securities, then there is
A. an increase in the supply of money. B. an increase in the required reserve ratio. C. a decrease in the discount rate. D. a decrease in the supply of money.