A narrowly diversified firm has wide economies of scope
Indicate whether the statement is true or false
False
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An unanticipated increase in the level of prices in the goods and services market, which results in a temporary reduction in real wage rates, will
a. decrease the natural rate of unemployment. b. increase the natural rate of unemployment. c. result in an actual rate of unemployment that is less than the natural rate of unemployment. d. result in an actual rate of unemployment that is greater than the natural rate of unemployment.
If a major league baseball player would be willing to work for $500,000 per year and is currently being paid $1,200,000 per year, the opportunity cost of his decision to play baseball is
A. $1,700,000. B. $500,000. C. $700,000. D. $1,200,000.
Suppose a nation's 2010 nominal GDP was $972 billion and the general price index was 90. To make the 2010 GDP comparable with the base year GDP, the 2010 GDP must be:
A. deflated to $678 billion. B. deflated to $896 billion. C. inflated to $1,080 billion. D. deflated to $1,080 billion.
Inflation targeting refers to conducting ________ policy so as to commit the central bank to achieving a ________
A) fiscal; publicly announced level of inflation B) fiscal; zero inflation rate C) monetary; publicly announced level of inflation D) monetary; zero inflation rate