During the early 1980s the changes that occurred in inflation and unemployment rates
A. suggest that disinflation can occur only if unemployment increases significantly.
B. support the notion of a stable Phillips curve.
C. suggest that both inflation and unemployment can be consistently reduced by dramatically increasing interest rates.
A. suggest that disinflation can occur only if unemployment increases significantly.
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Which of the following would NOT be considered a determinant of marginal productivity?
A) talent B) gender C) experience D) training
Resources are costly because they have alternative uses
a. True b. False Indicate whether the statement is true or false
Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
Table 13-2
| Hometown Bank | ||||
| Assets | Liabilities | |||
| Reserves | $25,000 | Deposits | $150,000 | |
| Loans | $125,000 | |||
Refer to Table 13-2. If the Hometown Bank is holding $10,000 in excess reserves, then the reserve requirement is
a. 2 percent.
b. 5 percent.
c. 7 percent.
d..10 percent.
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.