One cost that potentially could result from central banks targeting money growth is:
A. volatile interest rates.
B. decreased independence.
C. high inflation.
D. a slowdown in financial innovation.
Answer: A
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If total profit is maximized, then marginal cost must equal marginal revenue.
Answer the following statement true (T) or false (F)
The ways to address agency costs include all EXCEPT
a. running background checks on prospective employees b. requiring employees to punch time clocks c. spot checks of the quality of employee's work d. providing better coffee machines in the lunch room
The short-run Phillips curve is based on the classical dichotomy
a. True b. False Indicate whether the statement is true or false
An adverse oil-price shock reduces labor demand. What happens to current employment and the real wage rate?
A. Both employment and the real wage rate would increase. B. Both employment and the real wage rate would decrease. C. Employment would increase and the real wage would decrease. D. Employment would decrease and the real wage would increase.