Establishing a unit of value and establishing a standard means of payment are two functions of a monetary system
a. True
b. False
B
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An IMF official was quoted as acknowledging that the Fund's stabilization packages have often led to adjustment without growth
However, he said, "the Fund is a firefighter not a carpenter, and you cannot expect the firefighter to rebuild the house as well as put out the fire." Provide a balanced evaluation of this statement.
Which of the following is considered a microeconomic issue?
A. Apple releases a new version of the iPhone. B. A family decides to drive its child to school instead of relying on a school bus. C. Coors Light packages alcohol in bottles that turn blue when cold. D. All of these are examples of microeconomic issues.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Average cost pricing for a natural monopoly will results in ______.
a. the socially efficient level of output b. a less than socially efficient level of output c. a greater than socially efficient level of output d. the firm suffering economic losses e. the firm earning economic profit