Cost-push inflation corresponds to ________ output and demand-pull inflation corresponds to ________ output.
A. lower; higher
B. higher; higher
C. higher; lower
D. lower; lower
Answer: A
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The opportunity costs of labor is largely determined by
A) demand. B) supply. C) need. D) greed.
Assume that a one-year Malaysian bond yields 10 percent interest and that the dollar return on maturity is 5 percent. If the exchange rate at maturity is $1 = MYR 4.00 (Malaysian ringgit), what was the exchange rate at the time the bond was purchased?
a. $1 = MYR 4.2 b. $1 = MYR 3.8 c. $1 = MYR 3.6 d. MYR 1 = $0.26 e. MYR 1 = $0.4
Per capita income growth is derived by dividing a country's income growth by its
a. money growth b. production growth c. productivity growth d. population growth e. output growth
Alexis de Tocqueville observed in his Democracy in America: "There is no country in which everything can be provided for by the laws, or in which political institutions can prove a substitute for
A) common sense and morality."
B) economic development."
C) police and prisons."
D) supply and demand."
E) the private pursuit of private interests."