Dollarization will reduce exchange-rate risk for a country.
Answer the following statement true (T) or false (F)
True
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Which of these represents an example of citizens who would not typically be counted as unemployed?
A) when your economics professor loses his job and gets a new one at McDonald's B) when your fourteen-year-old cousin loses her summer job in September C) when your neighbor has been out of work for so long that he decides to stay at home and write a novel D) all of the above E) none of the above
Slaver owners were optimistic about the economic future of slavery on the eve of the Civil War
Indicate whether the statement is true or false
A firm is currently producing 10 units of output; marginal cost is $24 and average total cost is $6 at this level of output. The average total cost at 9 units of output is:
A. $5 B. $6 C. $4 D. $8 E. none of the above
In the simple Keynesian portion of the short-run aggregate supply curve
A. equilibrium real GDP is supply-determined. B. equilibrium real GDP is neither determined by aggregate supply nor by aggregate demand. C. equilibrium real GDP is demand-determined. D. equilibrium real GDP is determined by both aggregate supply and aggregate demand.