One of the objectives of supply-side policies is to
A. focus attention on the trade-off between inflation and unemployment.
B. sharpen the trade-off between inflation and unemployment.
C. eliminate the trade-off between inflation and unemployment.
D. convince the public of the trade-off between inflation and unemployment.
Answer: C
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Refer to the table above. If the market price of wine is $8/bottle, and the market demand for wine is 19 bottles, David's consumption of wine is:
A) 4 bottles. B) 9 bottles. C) 7 bottles. D) 12 bottles.
In recent years, the number of farms has fallen while the average farm size has increased. What concept may explain this phenomenon?
a. diminishing marginal returns b. declining productivity c. diseconomies of scale d. economies of scale e. good weather in midwestern states
Assume that the interest rate in a foreign country is 7% and that the foreign currency is expected to depreciate by 3% during the year. For each dollar that a U.S. resident invests in foreign bonds, he/she can expect to get back an approximate total of
A) $.93. B) $.96. C) $1.04. D) $1.07. E) $1.10.
People's best guesses about returns on assets are called
A. expected returns. B. the term structure of returns. C. liquidity. D. risk.