With fewer periods in a moving average, it will take longer to adjust to a new level of demand.
Indicate whether the statement is true or false
Ans: False
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When the price of Nike soccer balls decreased, Ronaldo purchased more Nike soccer balls and fewer Adidas soccer balls. Which of the following best explains Ronaldo's decision to buy more Nike soccer balls?
A. An increase in the demand for Nike soccer balls B. The price effect C. The income effect D. The substitution effect
The following is a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant.Units of ResourceTotal Product124242460680792If the product the firm produces sells for a constant $3 per unit, the marginal product of the fourth unit of the resource is
A. $15. B. $18. C. $27. D. $45.
The central bank of the European Union is called the
A) Federal Reserve. B) European Central Bank. C) Banco Europe. D) Bundesbank.
The expected benefits of central bank independence include avoidance of ________
A) Ben Bernanke B) public scrutiny of central bank policies C) the time-inconsistency problem D) serious policy errors