A disaster that destroys a large part of current agricultural output will not change LRAS, while a disaster that destroys the capital stock in a major city will reduce LRAS
a. True
b. False
Indicate whether the statement is true or false
True
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About the Federal Reserve System The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve
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The output of which of the following groups of companies is included in the calculation of Ireland's GNP:
(a) Pepsi, Kerry Group, Google. (b) Glanbia, Dunnes, Bank of Ireland. (c) Facebook, Twitter, Amazon. (d) All of the above are included.
Since 1990 the highest economic growth rates in the world have occurred in
A. The United States. B. Nigeria. C. India. D. China.
Suppose that over the past decade, U.S. inflation is less than that in Mexico. Further assume that during this same period, the dollar depreciates relative to the Mexican peso. Given this information,
A) the real exchange rate remains unchanged. B) the real exchange rate must decrease. C) the real exchange rate must increase. D) the real exchange rate can increase or remain the same, but not decrease. E) the real exchange rate can decrease or remain the same, but not increase.