In recent years, a monetary growth rule has fallen out of favor because
A) the close relationship between movements in M1 and movements in real GDP has become weaker.
B) it is believed that active monetary policy destabilizes the economy and makes the business cycle worse.
C) the growth rate of GDP has been highly unstable.
D) the growth rate of M1 has become more stable.
A
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The Santa Fe Spark Plug Company supplies spark plugs to automotive parts dealers. An increase in the demand for its product led Santa Fe to hire 150 new workers
Santa Fe also plans to expand the capacity of its plant but this project will take 2 years to complete. Which of the following statements is true? A) The long run for Santa Fe is longer than 1 year. B) The wages and benefits paid to the new workers are implicit costs. C) In the short run Santa Fe's variable costs increase but its fixed costs decrease. D) The short run for Santa Fe is 1 year.
Possible sources of economies of scale (size) within a production plant include:
a. specialization in the use of capital and labor b. imperfections in the labor market c. transportation costs d. a and b e. a and c
Country A has a GDP of $300 billion and a population of 10 million, while Country B has a GDP of $3 trillion and a population of 200 million. The per capita GDP in Country A and Country B are _____ and _____, respectively
a. $30,000 . $15,000 b. $15,000 . $30,000 c. $15,000 . $7,500 d. $7,500; $15,000
Regarding matters of the environment, liberal international relations theory and liberals themselves frame the issue in terms of
a. competition for resources. b. economic or military advantage. c. collaboration. d. inequality of economic power.