An outside lag is the time period it takes economists to formulate a stabilization policy
Indicate whether the statement is true or false
FALSE
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If the value added of a firm is positive, will the firm necessarily have positive profits?
What will be an ideal response?
Suppose there was a banking crisis. The money supply would shrink by the greatest amount if the public ________ their currency—deposit ratio and the banks ________ their reserve—deposit ratio
A) decreased; decreased B) decreased; increased C) increased; decreased D) increased; increased
When people mistake changes in nominal prices for changes in real prices, what has occurred?
A. Money confusion B. Price illusion C. Price confusion D. Money illusion
John is able to take out a loan for $1,000 for one year at an annual interest rate of 10 percent. After calculating his return to be $200, John will:
A. make money on net, and should take out the loan. B. not make money on net, and should not take out the loan. C. not make money on net, and should take out the loan. D. make money on net, and should not take out the loan.