A Chief Financial Officer (CFO) in an international company would most likely be responsible for all of the following activities EXCEPT ________.
A) managing short-term capital needs
B) making financial decisions
C) making investment decisions
D) managing employee repatriation
D) managing employee repatriation
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Monetarism is a school of thought put forth by Milton Friedman. He argued that the economy would most likely
A) be unstable. B) be at potential GDP. C) be above potential GDP. D) be below potential GDP.
In September of 2007, the Federal Reserve Board Open Market Committee voted to lower interest rates for the first time that year. Explain how lower interest rates affect the aggregate demand curve
What will be an ideal response?
A true cost-of-living adjustment (COLA) in response to a change in prices would compensate consumers so that they would be able to
A) purchase the same bundle they purchased before prices changed. B) achieve the same level of utility they did before prices changed. C) face the same choices they did before prices changed. D) achieve an increase in utility that is equal to the rate of inflation.
If a game contains private information, then
A) the game's outcome is affected. B) firms will engage in cheap talk to coordinate their actions. C) players will decide not to play the game. D) third-party negotiations are necessary to resolve the information gap.