The ability of a government to fix its currency's exchange rate is limited by the size of its reserves
a. True
b. False
Indicate whether the statement is true or false
True
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The figure above shows the market demand curve for a market with three firms. It also shows a firm's marginal cost curve. In this oligopoly, what is the range of output and prices? Why does this range of outcomes exist?
What will be an ideal response?
IBM undertook a massive restructuring program to decentralize into six smaller decision-making groups in order to reduce economies of scale
a. True b. False
Which of the following causes a leftward shift in the short-run aggregate supply curve?
a. An increase of goods prices while nominal incomes are unchanged. b. An increase of full-employment real GDP. c. An increase of personal consumption expenditures while the price level is unchanged. d. An increase in nominal incomes.
The BLS reports the U-6 measure of labor underutilization. Which of the following is how it computes U-6?
a. (total unemployed + marginally attached workers)/adult population b. (total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population c. (total unemployed + marginally attached workers)/(labor force + marginally attached workers) d. (total unemployed + marginally attached workers + part time employed for economic reasons)/(labor force + marginally attached workers)