Under a managed float,
a. currency traders "buy low and sell high"
b. a central bank attempts to stabilize an exchange rate
c. national governments use fiscal policy to prevent inflation
d. managers allow product prices to float in response to supply and demand shifts
e. governments attempt to harmonize their tax policies.
B
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In the above figure, a price of $35 per dozen would result in
A) a shortage. B) equilibrium. C) a surplus. D) upward pressure on prices.
In the monetarist view, a bond-financed increase in government spending would have a strong effect on real output in
a. both the short run and the long run. b. the short run but not the long run. c. the long run but not the short run. d. neither the short run nor the long run.
Suppose you own $15,000 of personal property, $5,000 of stock in ABC Corporation, a $1,000 certificate of deposit, and $10,000 of government bonds. If ABC goes bankrupt, the most you could lose is
A) $31,000. B) $26,000. C) $15,000. D) $5,000.
A basic difference between a capital good and an intermediate good is that an intermediate good is used up or transformed in the production process while a capital good is not.
a. true b. false