The benchmark, or reference, years used to calculate parity prices is
a. 1910–1914
b. 1920–1924
c. 1930–1934
d. 1940–1944
e. 1952–1956
A
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The relationship between urbanization and GDP per capita, it is likely to be represented by a(n):
A) downward-sloping curve. B) inverted U-shaped curve. C) U-shaped curve. D) upward-sloping curve.
The upward slope of the MP curve indicates that
A) the central bank lowers real interest rates when inflation rises. B) the central bank raises real interest rates when inflation falls. C) the central bank raises nominal interest rates when inflation rises. D) the central bank raises real interest rates when inflation rises.
How did the increase in the interest rates in the early 80s contribute to the S&L crisis?
What will be an ideal response?
Which of the following are policies that can affect cyclical unemployment?
a. adjust interest rates b. provide welfare assistance c. regulate hiring practices d. provide unemployment compensation