Monetary and price instability will
What will be an ideal response?
generate uncertainty, and encourage investors and businesses to move their activities to countries with a more stable monetary environment.
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Exhibit 36-2 Stock High Low Close Net chg. Dasher 17.25 16.75 17.00 (A) Dancer 34.85 34.25 (B) +0.25 Prancer 56.50 55.90 56.00 (C) Vixen 65.90 (D) 64.75 -0.75 Refer to Exhibit 36-2. If the closing price of Vixen's stock on the previous day was $65.50, what value goes in blank (D)?
A. 64.00 B. 65.15 C. 65.75 D. 65.00 E. There is not enough information given to answer this question.
What is a company's total revenue?
What will be an ideal response?
Monopolists are like perfectly competitive firms in that ______.
a. both maximize profits at the output level where marginal revenue equals marginal cost b. both could be earning either profits or losses in the short run c. both are in industries with downward-sloping demand curves d. all of these are true of both of them e. both maximize profits at the output level where marginal revenue equals marginal cost and both could be earning either profits or losses in the short run are true of both of them, but not both are in industries with downward-sloping demand curves
According to rational expectations theory, what information do businesses and workers use when they form their expectations regarding inflation?
A. recent events and data B. Keynesian and monetarist models C. forecasts by public-and private-sector economists D. all the relevant information that is available