The television network newscaster reports that the national inflation rate in the past year was equal to 4 percent. This report is most likely prepared from work done by a(n)
a. microeconomist
b. normative economist
c. macroeconomist
d. econometrician
e. social scientist rather than an economist
C
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One implication of an empirical investigation of the Marshall-Lerner condition is that, in the ________, a real ________ in a nation's currency is likely to ________ the country's current account balance
A) long-run; depreciation; improve B) short-run; depreciation; improve C) long-run; appreciation; improve D) short-run; appreciation; improve E) short-run but not the long-run; appreciation; improve
The equation Y = f(P - Pe) represents the
A. income velocity of money. B. Lucas supply function. C. Keynesian consumption function. D. equation of exchange.
A decrease in population would shift the demand curve to the left.
Answer the following statement true (T) or false (F)
(a) Find the total profit or total loss of the firm shown in the graph. (b) Is the firm in short run or long run? (c) How much is the firm's most efficient output? (d) What is the lowest price the firm would accept in the long run?
