A rise in interest rates is expected to lead to an appreciation of the currency, and a drop in interest rates is expected to lead to a depreciation.
Answer the following statement true (T) or false (F)
True
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Government redistribution of income in response to individuals free riding on the charity of others is a Pareto superior move
a. True b. False
Refer to the normal-form game of bargaining shown below.Union?Management??$0$250$500?$0($0, $0)($0, $250)($0, $500)?$250($250, $0)($250, $250)(-$10, -$10)?$500($500, $0)(-$10, -$10)(-$10, -$10)Suppose that management and the union are bargaining over how much of a $500 surplus to give to the union. It is assumed that the surplus can only be split into $250 increments. Furthermore, negotiations are set up such that management and the union must simultaneously and independently write down the amount of surplus to allocate to the union. The payoff structure to this one-shot bargaining game is listed in Figure 10-16. The number of efficient outcomes resulting from the bargaining game is:
A. 3. B. 8. C. 6. D. 5.
One benefit of U.S. society that encouraged entrepreneurship was the inflow of capable immigrants
a. True b. False Indicate whether the statement is true or false
?A short-run aggregate supply curve (SRAS) assumes:
A. ?the CPI is fixed. B. ?each point on the SRAS is potential real GDP. C. fixed or sticky nominal wages. D. ?nominal wages vary directly with price changes.