Indicators of economic activity that move at the same time as the overall economy are called ________ indicators.
A. real
B. coincident
C. long-term
D. short-term
Answer: B
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Most total product curves have
A) first increasing and then decreasing marginal returns to labor. B) output first increasing and then decreasing as labor is added. C) first decreasing and then increasing marginal returns to labor. D) output increasing at an increasing rate as labor is added.
Which of the following is true for a monopolist?
a. The firm has a perfectly elastic demand curve. b. The firm has a perfectly inelastic demand curve. c. The straight-line demand curve is above the marginal revenue curve. d. The marginal revenue curve is above the demand curve. e. All of these.
While the production possibilities frontier is a useful model, it cannot be used to illustrate economic growth
a. True b. False Indicate whether the statement is true or false
Any central bank policy that influences the domestic interest rate will:
A. not impact the supply of and demand for the domestic currency if exchange rates are flexible. B. be compatible with fixed exchange rates. C. have an effect on the exchange rate. D. have no effect on the exchange rate if exchange rates are flexible.