Uncertainty about inflation:
a. shifts the attention of business managers away from exchange rate movements and toward concerns about productivity.
b. reduces the difficulty of making international business decisions
c. make suppliers link the selling prices of their goods to the overall inflation rate.
d. undermines money's importance as a link between the present and the future.
e. makes contracts easier to negotiate.
d
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When the labor force is constant and unemployment is at its natural rate,
A) (the rate of job finding × the number of unemployed workers) = (the rate of job separation × the number of employed workers). B) (the rate of job finding × the number of employed workers) = (the rate of job separation × the number of unemployed workers). C) (the rate of job finding × the rate of job separation) = (the number of unemployed workers × the number of employed workers). D) (the rate of job finding + the rate of job separation) = (the number of unemployed workers + the number of employed workers).
Economies of scope
A) is a situation in which it is more expensive to produce goods separately than jointly. B) is the opposite of economies of scale. C) occur whenever only one good is produced at a time. D) are an example of the gains from specialization.
What is the impossibility theorem?
What will be an ideal response?
The lion’s share of purchases and transactions in the U.S. economy are made with coins and paper money.
Answer the following statement true (T) or false (F)