The European Central Bank (ECB) pursues a hybrid monetary policy strategy that has elements in common with the -targeting strategy previously used by the Bundesbank but also includes some elements of targeting
A) monetary; inflation
B) inflation; monetary
C) monetary; exchange rate
D) monetary; nominal GDP
A
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Why would a chain store sell some items, such as soda pop, below cost?
A) They are not interested always in maximizing profit. B) They feel people need soda pop more than the other items in the store. C) Pricing some items "below cost" might be an efficient strategy to maximize the store's total profit. D) Because most firms can only enjoy profits by consistently selling all their items below cost.
Asymmetric information can exist before, but not after, a transaction.
Answer the following statement true (T) or false (F)
If there are diminishing marginal returns to labor,
a. output diminishes as additional workers are added b. the management team grows as more workers are hired c. the rise in output becomes smaller and smaller with each successive worker hired d. the management team shrinks as successive workers are added e. macroeconomic business cycles are generated by microeconomic production functions
The economic theory of demand assumes that
What will be an ideal response?