Opportunity cost can always be measured in money terms
a. True
b. False
Indicate whether the statement is true or false
False
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A business cycle has two turning points, which are the
A) recession and trough. B) peak and recession. C) trough and peak. D) expansion and recession. E) peak and expansion.
During periods of inflation, which function of money is most severely affected?
A) medium of exchange B) unit of account C) means of payment D) store of value
Suppose that the Japanese yen appreciates significantly at some point, thus making Japanese imports more expensive. Japanese exporters may lower their profit margins to reduce the effect of the yen appreciation on U.S
importers, producing a phenomenon known as A) the J-curve. B) the absorption effect. C) pricing to market. D) international reserves compliance.
The Fed can control stock market purchases by adjusting the
a. discount rate b. legal reserve requirement c. margin requirement d. federal funds rate e. stock loan rate