How do individual become members of the Board of Governors?
What will be an ideal response?
They are appointed by the President and confirmed by the Senate.
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If planned aggregate expenditure (PAE) in an economy equals 1,000 + 0.9Y and potential output (Y*) equals 9,000, then this economy has:
A. no autonomous expenditure. B. an expansionary gap. C. no output gap. D. a recessionary gap.
Table 24.1Monopoly Costs and RevenueQuantityPriceTotal Cost1$500$4002$450$6503$400$9504$350$1,3005$300$1,700In Table 24.1, using the profit maximization rule, a monopolist will charge a price of
A. $300. B. $400. C. $500. D. $350.
Assume you are an American importer who must pay 500,000 euros at the end of 60 days when you receive 1,000 cases of French wine at your warehouse in New York. If you do not hedge this transaction, you face exchange-rate risk. The best way to remove the risk of loss due to currency fluctuations is to
A. buy 500,000 euros in the forward exchange market for delivery in 60 days. B. invest the dollar equivalent of 500,000 euros in a dollar-denominated deposit at a French bank. C. sell 500,000 euros now in the spot market. D. sell 500,000 euros in the forward exchange market for delivery after 60 days.
Adjusted R2 gives the actual percentage of the variation in the dependent variable explained by the regression model
Indicate whether the statement is true or false