The amount of output produced with an additional unit of variable input is referred to as:
A) total product.
B) average variable product.
C) marginal product.
D) average fixed product.
C
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To counter a speculative attack on an overvalued currency, the monetary policymakers must ________ monetary policy and to fight a recession the monetary policymakers must ________ monetary policy.
A. ease; ease B. tighten; tighten C. tighten; ease D. ease; tighten
If the CPI this year is 240 and the CPI last year was 217, the inflation rate from last year to this year was
A) 1.11%. B) 9.0% C) 10.6%. D) 23%.
The difference of rate-sensitive liabilities and rate-sensitive assets is known as the
A) duration. B) interest-sensitivity index. C) rate-risk index. D) gap.
Democracy is ______________ to economic growth.
A. clearly linked and is essential B. clearly linked and is not essential C. not so clearly linked, yet seems to be essential D. not so clearly linked and does not seem to be essential