Who is the leading proponent of the monetarist theory?
a. John Maynard Keynes
b. Paul Volcker
c. Adam Smith
d. Milton Friedman
e. Alan Greenspan
d
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A financial market where economic agents meet in one central location is known as ________
A) an over the counter market B) an exchange C) a bond market D) a money market
A hypothesis is
a. an assumption about behavior b. a prediction of what will occur given certain assumptions c. a prediction of what will occur regardless of assumptions d. a forecast of future events e. useful only if the assumptions are realistic
Assume that the share of population employed in all countries is 50 percent. Based on the information in the table, which country has the smallest real GDP per capita? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. Country A B. Country D C. Country B D. Country E
Suppose that, at a rental rate of $1000 per month, 650 residents wish to rent apartments and that landlords offer 800 apartments available for rent. Which one of the following statements is then TRUE?
A) There is a shortage of 150 apartments. B) There is an excess demand for apartments. C) The market clearing rental price of apartments is too low. D) The market clearing rental price of apartments is less than $1000 per month.