Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 hat in Belize?
A) 1/2 of a clock B) 2/3 of a clock C) 1.5 clocks D) 2 clocks
A
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In the Keynesian model, an unwanted decrease in inventories leads to
A) falling interest rates. B) rising unemployment. C) rising output. D) falling money wages.
A labor union anticipates a 7 percent inflation rate in each of the next three years. It wants to obtain a 3 percent increase in real wages in each of those three years. To obtain this goal, the requisite nominal wage hike it should negotiate is
a. 7 percent each year b. 3 percent each year c. 10 percent each year d. 10 percent the first year and 3 percent each year thereafter e. 21 percent the first year and 3 percent each year thereafter
.In the short run, which of the following is the most likely effect of an unanticipated move to a more expansionary monetary policy?
What will be an ideal response?
Our rate of productivity growth in the 1990s was _____ compared to the rate of our productivity growth during the 1970s.
Fill in the blank(s) with the appropriate word(s).