Which of the following represents the opportunity cost of holding money?
A. the interest rate
B. liquidity
C. the rate of inflation
D. none of these
Answer: A
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During 1991, Argentina's monetary law had a currency board. Explain and give an example
What will be an ideal response?
Which of the following is a way to obtain endogenous growth:
A) inflation. B) human capital accumulation. C) physical capital accumulation. D) population growth.
The marginal product of labor can be defined as: a. the change in profit divided by the change in labor, other factors of production held constant
b. the change in total output provided by a one unit increase in labor employed, other factors of production held constant. c. the total output divided by the total labor utilized. d. the change in labor utilized divided by the change in total output, other factors of production held constant.
When equilibrium is present, if market conditions do not change,
a. the current price will tend to rise in the future, and the current quantity will tend to fall. b. the current price will tend to fall in the future, and the current quantity will tend to rise. c. the current price and quantity will tend to persist in the future. d. the current price will tend to persist in the future, but the current quantity will tend to rise.