According to A.W. Phillips, an inverse relationship has existed between
A. the inflation rate and the money supply.
B. the inflation rate and unemployment rate.
C. the rate of growth of the money supply and the unemployment rate.
D. unemployment and interest rates.
Answer: B
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A profit-maximizing monopolist sets
A. his or her price where MC = MR. B. his or her output where MC = MR. C. his or her price where MR > MC. D. his or her output where P = MC.
If a new entrant (or an established firm) wants to leave a contestable market,
a. all, or nearly all of, the invested capital values can be recovered. b. another firm will always enter to take its place. c. it must accept large losses in its capital investment, so it is unlikely to exit. d. its leaving will be contested by regulators in the market who seek to prevent exit.
A Japanese bank buys U.S. government bonds, this purchase
a. increases U.S. net capital outflow and has no affect on Japanese net capital outflow. b. increases U.S. net capital outflow and increases Japanese net capital outflow. c. increases U.S. net capital outflow, but decreases Japanese net capital outflow. d. decreases U.S. net capital outflow, but increases Japanese net capital outflow.
Foreign direct investment outflows have a positive impact on workers in the home country.
Answer the following statement true (T) or false (F)