According to the text, paper money probably first evolved from
A) the Federal Reserve.
B) the early American savings and loan institutions.
C) goldsmiths.
D) the Bank of England.
C
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Explain how an economy which is presently above its balanced growth path will converge back to its balanced growth path?
What will be an ideal response?
Figure 10-7
At what output level would the actual rate of unemployment equal the economy's natural rate of unemployment in ?
a.
y1
b.
y2
c.
at any output greater than y2
d.
at any output less than y1
The basic dividend-discount model is a bit of an oversimplification for valuing stocks because it:
A. ignores the value of future dividends. B. ignores the risk involved in holding stocks. C. cannot handle stocks that do not pay dividends. D. ignores expected dividend growth.
Cost-of-service-regulation sets prices by considering
A. the actual total cost of providing the service to the customer. B. the actual marginal cost of providing the service to the customer. C. the actual average cost of providing the service to the customer. D. the actual variable cost of providing the service to the customer.