Policies to determine the price of troll dolls are a concern of macroeconomics
a. True
b. False
Indicate whether the statement is true or false
False
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Comparing the European and the U.S. central bank systems, the Governing Council of the European system resembles:
A. the FOMC. B. the Presidents of the Regional Federal Reserve Banks. C. the Board of Governors. D. the Chairman of the Board of Governors of the Fed.
In the new Keynesian model, an increase in productivity will cause ________
A) a leftward shift in short-run and long-run aggregate supply B) a rightward shift in short-run and long-run aggregate supply C) a leftward shift in short-run aggregate supply and rightward shift in long-run aggregate supply D) a rightward shift in short-run aggregate supply and a leftward shift in long-run aggregate supply
Which of the following is FALSE regarding bilateral monopoly?
A. The price outcome is easily determined. B. Bilateral monopoly is defined as a market structure in which a single buyer faces a single seller. C. An example of bilateral monopoly is a state education employer facing a single teachers' union in the labor market. D. Bilateral monopoly is a market structure consisting of a monopolist and a monopsonist.
During economic expansions
A. employment rises by a higher percentage than output, and the ratio of output to workers falls. B. output rises by a larger percentage than employment, and the ratio of output to workers falls. C. employment rises by a larger percentage than output, and the ratio of output to workers rises. D. output rises by a larger percentage than employment, and the ratio of output to workers rises.