When a dinner in Bulgaria costs 150 Bulgarian levas, it will cost a U.S. resident ________ dollars, if the exchange rate is 1.5 Bulgarian levas to the dollar
A) $10
B) $100
C) $120
D) $150
B
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Consumer finance companies, because of the __________-term nature of their liabilities, prefer to hold __________-term assets
A) long; long B) long; short C) short; long D) short; short
A difference between biology and economics is that
A) economists use models and biologists use theories. B) biologists often use laboratory methods and economists do less often. C) economics explains events while biology predict events. D) biologists use the scientific method while economists do not.
Fiscal policy is the use of taxes and spending by the government to affect aggregate demand.
Answer the following statement true (T) or false (F)
Hyperinflation refers to inflation in excess of ________ per month
A) 30% B) 10% C) 20% D) 25%