An increase in the proportion of the population that is unemployed above the normal rate is best represented in Figure 1.3 and using PP1 by a movement from point
A. E to point D.
B. C to point D.
C. C to point A.
D. D to point C.
Answer: C
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Provide a definition of the current account, the capital account, and the cash account. What is the relationship between the three accounts?
What will be an ideal response?
A risk-neutral person will invest in a project by examining if
A) the expected utility associated with the project is positive. B) the marginal utility associated with the project is positive. C) the expected net present value is positive. D) All of the above.
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, and Andy has an unlimited income, how many units of potato chips will he consume?
A) 5 B) 6 C) 7 D) 8 E) none of the above
The performance of index funds
a. usually falls short of the performance of actively-managed funds. b. provides evidence in support of the notion that stock prices do not depend upon supply and demand. c. provides evidence in support of the efficient markets hypothesis. d. provides evidence in support of the notion that stock-market participants are irrational.