After World War II, the U.S. dollar was to become the main, official "reserve currency of the new international order," according to Hughes and Cain (2011)
Indicate whether the statement is true or false
True
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When the Fed engages in an open market purchase, the money supply ________ and the nominal interest rate ________.
A. increases; increases B. decreases; increases D decreases; decreases C. increases; decreases
In Figure 16-1 above, the increase in gross investment lags actual sales because
A) replacement investment is not determined by actual sales. B) expected sales lag actual sales and net investment is determined by expected sales. C) actual sales lag expected sales and net investment is determined by expected sales. D) expected sales lead actual sales and net investment is determined by expected sales.
Refer to Figure 10.5. The deadweight loss associated with the monopoly would be:
A. $787.5. B. $612.5. C. $262.5. D. There is not sufficient information.
Before the DVD, the VCR was a popular format for taping and replaying video. When the DVD was introduced, which of the following most accurately describes the long-run adjustment process in the VCR industry?
A) Costs increased, price increased, demand decreased, quantity decreased, profit decreased. B) Demand increased, costs increased, price increased, quantity increased, profit decreased. C) Demand decreased, quantity decreased, price decreased, profit decreased. D) Demand decreased, price decreased, quantity decreased, profit decreased.