Which of the following is not a leading variable?
A. Inflation
B. Average labor productivity
C. Residential investment
D. Stock prices
Answer: A
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Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity. What happens in the market for solar panels if the government offers tax breaks to encourage manufacturers to produce more solar panels?
A) D increases, S no change, P and Q increase B) D no change, S increases, P decreases, Q decreases C) S increases, D no change, P decreases, Q increases D) D and S increase, P and Q decrease
Suppose that Ruritania has a fixed exchange rate versus the U.S. dollar
If foreign investors become convinced that the Ruritanian currency is overvalued, what actions might they take to profit from this conviction? Would these actions make it easier or harder for Ruritania to maintain the value of its currency versus the dollar? Why?
A unique feature of oligopoly among market models is the presence of differentiated products
a. True b. False Indicate whether the statement is true or false
The bulk of the M1 money supply is made up of
a. silver dollars and gold bars. b. check able deposits. c. currency and travelers checks. d. money market funds.