The percentage of work time lost due to strikes in the United States has been increasing over time
a. True
b. False
Indicate whether the statement is true or false
False
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When a firm or economy is operating efficiently, it is operating
A. outside its production possibilities frontier. B. inside its production possibilities frontier. C. on its production possibilities frontier. D. at the intersection of the production possibilities frontier and the vertical axis. E. at the intersection of the production possibilities frontier and the horizontal axis.
Assume a bank currently holds $75 million in demand deposits, $10 million in vault cash and $25 million deposited at the Federal Reserve. If the required reserve ratio is 15 percent, how much must the bank hold in required reserves?
a. $15.0 million b. $3.75 million c. $11.25 million d. $16.5 million e. $12.75 million.
When income taxes are included in the basic macroeconomic model, the value of the
A. inflationary effect is increased. B. multiplier is increased. C. multiplier is decreased. D. expenditure function is increased.
Answer the following statements true (T) or false (F)
1. An appreciation of its currency would tend to worsen the trade deficit of a nation. 2. Tariffs benefit the domestic producers, but hurt the consumers. 3. Tariffs and quotas benefit American consumers because they protect the market for domestic products. 4. One of the cardinal principles of the General Agreement on Tariffs and Trade was the need for bilateral negotiations for trade disputes. 5. The basic purpose of the World Trade Organization is to monitor the amount of trade between nations and issue a yearly report.