If average cost is decreasing,
A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less than average cost.
D) Not enough information is given.
C
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By external balance, most economists mean
A) avoiding excessive imbalances in international payments. B) balance between exports and imports. C) balance between the trade and service accounts. D) what amounts to fixed exchange rates. E) imbalance in internal transactions.
As the relative expected return on dollar assets increases, foreigners will want to hold more ________ assets and less ________ assets, everything else held constant
A) foreign; foreign B) foreign; dollar C) dollar; foreign D) dollar; dollar
If the private sector wishes to hold a constant quantity of real government bonds, inflation requires that the private sector continuously ________ those bonds, so that the government ends up having to pay out interest on net equal to the ________
interest rate times the bonds outstanding. A) sell, nominal B) sell, real C) buy, nominal D) buy, real
High unemployment rates persisted for several years after the official end of the 2007-2009 recession
The long duration of unemployment for many workers can be viewed as being consistent with an increase in ________ unemployment, and therefore an increase in the natural rate of unemployment. A) frictional B) cyclical C) structural D) seasonal