Technical efficiency in production means a given level of output is produced with the minimum amount of inputs.
Answer the following statement true (T) or false (F)
True
This is the textbook definition of technical efficiency.
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Georgia's great uncle gave her a $5,000 savings bond as a wedding gift. The bond pays $5,000 at maturity, which is in 10 years. If the interest rate is 4%, the bond has a present value of $ 3,377.82
Indicate whether the statement is true or false
If multiplier effects are ____ than policy makers expect or the natural rate of real output is _____ than expected, monetary policy will tend to overshoot its intended effects
a. Greater; greater. b. Greater; less c. Less; greater d. Less; less
Under a managed float, if U.S. GDP suddenly increased, which of the following actions would the Bank of England need to take in order to stop any movement in the dollar-pound exchange rate?
a. Buy British pounds for dollars in order to shift the demand curve for pounds leftward b. Sell British pounds for dollars in order to shift the supply curve for pounds leftward c. Sell British pounds for dollars in order to shift the supply curve for pounds rightward d. Buy British pounds for dollars in order to shift the demand curve for pounds rightward e. Do nothing, since purchasing power parity will correct the situation in the short run.
A central bank's balance sheet will categorize the following as liabilities:
A. foreign exchange reserves. B. securities. C. currency. D. loans.