The upward-sloping portion of the perfectly competitive firm's average total cost curve is the firm's short-run supply curve.
Answer the following statement true (T) or false (F)
False
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Payroll taxes are actually regressive taxes
a. True b. False Indicate whether the statement is true or false
To prevent cost-push inflation
A) there must not be an excess demand for money B) interest rates must not rise C) there must not be an increase in government purchases D) the Fed must not let the quantity of money rise persistently.
Rock Crushers Limited produces smaller rocks from larger rocks. As part of the production process, Rock Crusher Limited takes the below listed actions. Which is a capital investment?
A. Covering the payroll for their rock crushing technicians. B. Purchasing large rocks and crushing them into smaller rocks. C. Storing suitably crushed rock for future sales. D. Making interest payments on their bonds.
The average of the bilateral rate changes for a nation, weighted by the importance of the trading partner, is known as the:
a. real exchange rate. b. nominal exchange rate. c. effective exchange rate. d. direct exchange rate.