A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock.
B. long-run demand shock.
C. long-run supply shock.
D. short-run demand shock.
Answer: A
Economics
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The costs of inflation depend upon
A) whether it is anticipated or unanticipated. B) who pays it and who receives it. C) the future savings rate. D) none of the above.
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The price of one nation's currency in terms of the currency of another nation is called the
A) IMF rate. B) fed funds ratio. C) exchange rate. D) discount rate.
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As a student, one of the costs of sleeping in rather than going to class is likely to be a lower grade in the class
a. True b. False Indicate whether the statement is true or false
Economics
Saving is negative below a disposable income of
A. 0.
B. 2500.
C. 3000.
D. 3500.
Economics