The purpose of the IMF is to
a. make short-term loans to countries facing balance of payments problems
b. help governments combat their inflation
c. fix exchange rates
d. administer the foreign exchange market
e. buy and sell IMF bonds to keep the world's currencies in equilibrium
A
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Among the advantages of the least-squares trend analysis techniques is
A) the ease of calculation. B) relatively little analytical skill required. C) its ability to provide information regarding the statistical significance of the results. D) All of the above
Suppose Congress decides to reduce government expenditures by reducing its purchases of weapons systems. Which of the following would you expect to occur as a result of this change? a. The economy will move up and to the left along the short-run Phillips Curve. b. The economy will move down and to the right along the short-run Phillips Curve. c. The short-run Phillips Curve will shift to the
left. d. The short-run Phillips Curve will shift to the right.
In which of the following years was there a recession?
A. 1942 B. 1950 C. 1965 D. 1973
The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400 Application of the Cost-Benefit Principle would lead one to purchase a ________ computer.
A. 3.0GHz B. 4.0GHz C. 2.0GHz D. 2.5GHz