Refer to Figure 7.5. Which diagram represents isoquants for inputs that are perfect substitutes?
A. A
B. B
C. C
D. D
C. C
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Exchange rate interventions occur when a government:
a. buys and sells its own currency on forex markets. b. buys and sells other currencies on forex markets. c. increases its interest rate. d. buys and sells its own currency and other currencies on forex markets.
If the federal government implements programs to more quickly match the unemployed with jobs, then the natural rate of unemployment
A) will increase. B) will decrease. C) will not change. D) will disappear.
In the Alcoa case, the Supreme Court abandoned the per se rule and established the rule of reason
a. True b. False Indicate whether the statement is true or false
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 cash deposit, then, excluding the $1,000 initial deposit, the banking system can increase the money supply by:
a. $900. b. $910. c. $1,000. d. $9,000. e. $10,000.