Which two countries ran substantial trade surpluses for most of the last three decades?
a. Germany and Russia
b. Russia and Japan
c. Germany and Japan
d. Germany and Mexico
c. Germany and Japan
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The demand curve for the product of a monopolist is
a. a straight horizontal line. b. identical to the market demand curve. c. identical to its MR curve. d. below its MR curve.
The greater domestic money supply fluctuations are, the less likely that we observe a pegged exchange rate regime
Indicate whether the statement is true or false
Macroeconomics is best defined by which of the following statements?
A) Macroeconomics is the study of how firms attempt to maximize profits. B) Macroeconomics is the study of the behavior of the economy as a whole. C) Macroeconomics is the study of individual households. D) Macroeconomics is the study of how the prices of individual goods are determined.
Which of the following is an opportunity cost of cyclical unemployment?
a. A higher wage rate b. A lower interest rate c. Lower taxes paid by the employed d. Costs of updating prices e. Lost earnings of the unemployed