Over long time horizons, the more independent a country's central bank is,
A) the lower the inflation that country experiences.
B) the better chance that country has of experiencing hyperinflation.
C) the higher the country's unemployment rate tends to be.
D) the more politically unstable the country becomes.
A
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If the price of a complementary good decreases, demand for the original good will decrease
Indicate whether the statement is true or false
The MU/P equalization principle means consumers will spend their income (budget) so that the MU/P ratio of the goods consumed is
a. zero for each good b. higher for goods the consumer wants the most (highest marginal utility) c. maximized for the goods the consumer wants the most (highest marginal utility) d. higher than TU/P e. the same for each good
Suppose that your tuition to attend college is $14,000 per year and you spend $5,000 per year on room and board. If you were working full time, you could earn $26,000 per year. What is your opportunity cost of attending college?
A. $19,000 B. $31,000 C. $40,000 D. $45,000
How was the practice of clipping coins during feudalism contributing to inflation? Who benefited from this inflation?
What will be an ideal response?