Opportunistic disinflation occurs when policymakers:
A. take advantage of positive supply shocks.
B. change the target inflation rate.
C. are able to permanently lower inflation.
D. all of the answers given are correct.
Answer: D
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Which of the following would a bank NOT hold as insurance against the highest cost of deposit outflow-bank failure?
A) excess reserves B) secondary reserves C) bank capital D) mortgages
Refer to Figure 9.1. If the government establishes a price ceiling of $20, how many widgets will be sold?
A) 20 B) 30 C) 40 D) 50 E) 60
Refer to the above table. The production of this good has been through the first 3 stages of production. What is the total value added in Stage 1 through 3?
A. $0.75 B. $0.07 C. $0.43 D. Cannot be computed without more information.
In the case of team decision making, the size of the team is optimal when
A. there are five members in the team. B. the additional cost of adding a new member equals the incremental benefits. C. the number of team members exceeds 10. D. the additional cost of adding a new member is less than the incremental benefits.