A technological advance that reduces the cost of producing computers will shift the supply curve of computers to the right
a. True
b. False
Indicate whether the statement is true or false
True
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The above figure shows the marginal benefits and marginal costs of a college education. The efficient number of students is
A) 0. B) 10 million. C) 15 million. D) 25 million.
Using the Taylor rule, if the current inflation rate equals the target inflation rate and real GDP is less than potential GDP, then the federal funds target rate ________ the sum of the current inflation rate plus the real equilibrium federal funds
rate. A) will be less than B) will be greater than C) will be the same as D) may be greater than or less than
Suppose that a typical basket of goods costs 400 pesos in Mexico and 25 pounds in Britain: the market exchange rate is 25 pesos per pound. Using purchasing power parity, the appropriate exchange rate for comparing the incomes of the two countries is:
A. 10 pesos per pound. B. 0.25 pesos per pound. C. 16 pesos per pound. D. 25 pesos per pound.
Which best describes the lower endpoint of a confidence interval?
A. point estimate plus margin of error B. point estimate C. margin of error D. point estimate minus margin of error