Which of the following would a permanent increase in the growth rate of the money supply change permanently?
a. inflation
b. unemployment
c. both inflation and unemployment
d. neither inflation nor unemployment
a
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Opportunity cost is
A. the additional cost incurred from the consumption of one more unit of output. B. the cost of production which cannot be recaptured. C. the cost involved when choosing between alternatives. D. the total cost incurred from the consumption of additional output.
Voluntary export restraints and quotas are essentially identical in their welfare effects
Indicate whether the statement is true or false
A firm deciding to hire a secretary, bases its decision on how well the candidate is trained on certain software. This practice addresses:
a. Adverse selection b. Moral hazard c. Forced bankruptcy d. None of the above
Why do both the chain-weighted index for GDP and the CPI overstate actual price increases?
What will be an ideal response?