The governmental interference with the market exchange often reduces the total surplus
a. True
b. False
Indicate whether the statement is true or false
False
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A company's computer is classified as what account type
a. Expense b. Owner's Equity c. Fixed Asset d. Retained Earnings
Ritzland produces only one good. 10,000 units of the good were produced in Ritzland during a certain year and were sold at $42 per unit. The price of each unit of the good two years back was $37
i) Find the real and nominal GDP of Ritzland taking $37 as the base price. ii) Calculate the GDP deflator for Ritzland for the year in question.
When the economy is operating at full employment, the natural unemployment rate consists of only
A) cyclical unemployment. B) frictional and structural unemployment. C) frictional and cyclical unemployment. D) structural and cyclical unemployment.
What is the principle monetary policy tool used by the Fed. Why?
What will be an ideal response?