A country that experiences higher real interest rates than other countries would expect its currency to depreciate
Indicate whether the statement is true or false
FALSE
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Which of the following happens when an economy's labor demand curve shifts to the left without any change in its labor supply curve assuming all else equal?
A) The equilibrium wage rate rises. B) The output of the economy rises. C) The aggregate price level falls. D) The unemployment rate rises.
When you go to a grocery store, most candy bars of a given size sell for virtually the same price. Can we conclude that this is evidence of collusion on the part of candy bar manufacturers?
Excess reserves are
A. Total reserves less required reserves. B. Total reserves less transactions account balances. C. Bank reserves in excess of vault cash. D. Required reserves less demand deposits.
Which of the following statements regarding accounting and economic profits is FALSE?
A. Economic profits = total revenue - (explicit + implicit costs) B. Economic profits can be zero even if accounting profits are positive. C. Accounting profits can be negative if economic profits are positive. D. Accounting profits = total revenue - explicit costs