Net capital outflow represents the quantity of dollars supplied in the foreign-currency exchange market
a. True
b. False
Indicate whether the statement is true or false
True
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In monopolistic competition
A) firms can earn long-run economic profit due to product differentiation. B) firms are unable to earn economic profit over the long run. C) firms can only earn accounting profits over the long-run. D) firms can block entry.
In 2009, the average unemployment rate in the United States averaged
A. 4.6 percent. B. 5.4 percent. C. 7.2 percent. D. 9.3 percent.
A feature that distinguishes economists' approach to making choices is (are):
A) assigning opportunity costs a major role in their analyses of choices. B) assuming individuals make choices to maximize objectives. C) emphasizing that choices are made at the margin. D) all of the above.
Describe the three basic tools used by the Fed to change the money supply. Which of these tools is most relied on in practice? Least relied on? Why?
What will be an ideal response?