Across the globe, exchange rate regimes are:
a. mostly fixed.
b. a mix of fixed and floating.
c. mostly floating.
d. hard to pinpoint.
Ans: b. a mix of fixed and floating.
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The key economic difference between expected utility and expected value is that
A) expected value only considers the value of outcomes, whereas expected utility considers the tradeoff between value and risk. B) expected utility only considers the value of outcomes, whereas expected value considers the tradeoff between value and risk. C) expected utility is the maximum value obtained, whereas expect value is the mean of the values from a set of possible outcomes. D) None of the above—the differences are mathematical not economic.
Most spells of unemployment are long, and most unemployment observed at any given time is long-term
a. True b. False Indicate whether the statement is true or false
For any given growth rate of aggregate supply, a faster growth rate of aggregate demand will lead to more inflation and faster growth of real output.
Answer the following statement true (T) or false (F)
The normal rate of return on capital is also known as the
A. opportunity cost of capital. B. depreciation cost of capital. C. monopoly rent. D. fixed cost of capital.