The monetary approach makes the general prediction that
A) the exchange rate, which is the relative price of American and European money, is fully determined in the long run by the relative supplies of those monies.
B) the exchange rate, which is the relative price of American and European money, is fully determined in the short run by the relative supplies of those monies and the relative demands for them.
C) the exchange rate, which is the relative price of American and European money, is fully determined in the short run and long run by the relative supplies of those monies and the relative demands for them.
D) the exchange rate, which is the relative price of American and European money, is fully determined in the long run by the relative supplies of those monies and the relative demands for them.
E) the money supply in the U.S. will adjust to European monetary equilibrium.
D
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The current account must necessarily always be in balance
Indicate whether the statement is true or false
If an employer can hire nonunion workers, but these workers must join the union within a certain period of time, the workplace is called a(n)
a. closed shop b. collective shop c. agency shop d. union shop e. open shop
In general, with a monopolist's outcome, total surplus is:
A. the same as that of a competitive market. B. higher than that of a competitive market. C. lower than that of a competitive market. D. Any of these is possible.
A publicly traded firm has 2.5 million shares of stock outstanding, with a current share price of $30. The firm’s insurance agent estimates that the replacement cost of the firm’s plant and equipment (and related capital assets) is $70 million. Tobin’s q is
a) 0.84 b) 1.07 c) 1.20 d) 2.33 e) 2.80