Refer to the information provided in Table 25.3 below to answer the question(s) that follow.Table 25.3
Refer to Table 25.3. The net worth of People's Bank is
A. $1,000,000.
B. $800,000.
C. $300,000.
D. $200,000.
Answer: C
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If an economy uses monetary policy as its stabilization tool, the real interest rate and thus ________-run economic welfare depend on that economy's ________ policy
A) short, monetary B) short, fiscal C) long, monetary D) long, fiscal
The natural rate of unemployment ________
A) is equal to 0.078 percent B) is a constant C) varies across time and countries D) is equal to the cyclical rate of unemployment divided by the actual rate
When Glaxo-Wellcome introduced AZT, an AIDS drug, it was able to enjoy high profits because:
a. the drug was highly recommended by doctors. b. of the quick response of rivals in introducing substitute drugs. c. of barriers to entry provided by patents. d. of its competitive price in the pharmaceutical industry. e. it experienced constant returns to scale in the long run.
Efficiency wages are:
A. wages deliberately set above the market rate in order to increase productivity. B. generally a disincentive for an employee to work hard to try to keep their job. C. not a cause of unemployment. D. All of these are true.