In economic terms, “productivity” means the number of goods and services ______
a. a worker can produce per hour
b. the fastest worker produces per hour
c. produced per full-time employee
d. sold in an economy per year
a. a worker can produce per hour
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Refer to the figure above. What is the price that a perfectly competitive firm would charge?
A) $0 B) $3 C) $6 D) $9
Compared to the closed economy Keynesian model, the open economy model in which imports are a function of income has an investment multiplier that is
a. smaller. b. larger. c. equal. d. equal to 1.
A multinational agency that specializes in making loans to a larger number of developing nations to promote long-term development and growth is
A) the International Bank. B) the World Bank. C) the International Monetary Fund. D) the World Monetary Fund.
What should be the impact on the U.S. interest rates if the Fed undertakes a sterilized foreign exchange intervention? Be sure to explain your answer.
What will be an ideal response?