Total profit (or loss)
A. is the rectangle bounded by OMGS.
B. is the rectangle bounded by OKER.
C. is the rectangle bounded by LMGF.
D. None of the choices are correct.
C. is the rectangle bounded by LMGF.
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When the exchange rate is allowed to adjust to market forces, all of the following are true except one. Which is the exception?
a. The foreign exchange market clears continually. b. The quantities of foreign exchange demanded and supplied are equal. c. The exchange rate will only change if the central bank alters the exchange rate. d. The exchange rate will remain constant until a change occurs in one of the factors that affect supply or demand. e. The forces of demand and supply determine the exchange rate.
A firm can invest in human capital by bringing in robots
Indicate whether the statement is true or false
The purpose of a tight money policy is to
A. alleviate recessions. B. raise interest rates and restrict the availability of bank credit. C. run budget surpluses. D. increase investment spending.
Which statement is true?
a. The prime interest rate will be higher than the Federal funds rate b. The Federal funds rate and the prime interest rate will be the same c. The Federal funds rate will be higher than the prime interest rate d. The prime interest rate will be the same as the discount rate