In less-developed countries, the ________ effect leads to ________.
A. input-substitution; labor intensive production
B. input-substitution; mechanized production
C. output effect; labor intensive production
D. input effect; mechanized production
Answer: A
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The U.S. inflation of the 1960s was spread overseas via the ________ exchange rates of the time and led to the ________ of the Bretton Woods system
A) fixed, collapse B) fixed, establishment C) flexible, collapse D) flexible, establishment
An equation that captures how inputs of production are related to output is called a:
A. consumption function. B. GDP deflator. C. production function. D. saving function
The cost of capital from different sources is called the weighted average cost of capital
Indicate whether the statement is true or false
The CPI for all goods and services excluding food and energy is called a. a hedonic price index. b. the CPI basis. c. the core CPI
d. the producer price index.