In response to the overvalued dollar in the early 1970s, the German Bundesbank bought dollars and sold marks to keep the exchange rate fixed, gaining international reserves
The huge purchase of international reserves meant that the German monetary base began to ________, leading to ________ growth in the German money supply. A) decline; sluggish
B) decline; rapid
C) grow; sluggish
D) grow; rapid
D
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The "WIN" button approach to breaking a wage-price spiral was proposed by President Ford to a joint session of Congress
a. True b. False Indicate whether the statement is true or false
Jennifer has just finished high school and is deciding whether to start working or go to college. She has already been offered a job that pays $35,000 a year. Four years of college will cost $12,000 each year. She would earn an extra $20,000 each year after she graduates for the 45 years she plans on working until she retires. Jennifer should invest in college when the net present value of that investment is ______ and the internal rate of return is ______ the current interest rate.
A. positive; greater than B. negative; greater than C. positive; less than D. negative; less than
A market supply curve shows
a. the total quantity supplied at all possible prices. b. the average quantity supplied by producers at all possible prices. c. how quantity supplied changes when consumer income changes. d. suppliers' responses, in terms of the amounts they will supply, to the demands of buyers.
When actual investment is less than planned investment:
A. the quantity of output sold is the amount the firm expected to sell. B. firms have sold less output than expected. C. the economy produces short-run equilibrium output. D. firms have sold more output than expected.