The dollar appreciates when U.S. demands for foreign currencies decrease
a. True
b. False
Indicate whether the statement is true or false
False
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Most natural monopolies are regulated at some level by a government because:
a. an unregulated natural monopolist would cause the problem of capital outflow. b. an unregulated natural monopolist would produce only for government bureaucrats. c. an unregulated natural monopolist would charge an inefficiently low price in the market. d. an unregulated natural monopolist would charge an inefficiently high price in the market. e. an unregulated natural monopolist would incur losses.
A change in Real GDP in the short run can be brought about by a change in
A) the exchange rate. B) labor productivity. C) expectations of future sales. D) wealth. E) all of the above
Martha did not like her job as a receptionist, so she quit and is looking for one that better suits her artistic talents. Ting Pei would like to work, but employers are not willing to hire him because he does not speak English. Martha is ________ unemployed and Ting Pei is ________ unemployed.
A. frictionally; structurally B. structurally; cyclically C. structurally; frictionally D. cyclically; structurally
Refer to the information provided in Table 22.2 below to answer the question(s) that follow. Table 22.2 PointAggregate Income (Y)Aggregate Consumption (C) A 10 14 B 20 23 C 30 25 D 40 26 E 50 34 F 60 39The data in the table was used to estimate the following consumption function: C = 12 + 0.4YRefer to Table 22.2. The error for point E is equal to
A. -2. B. -1. C. +2. D. +4.