The growth in the overall level of prices in an economy
What will be an ideal response?
inflation
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What will be an ideal response?
An effective Federal Reserve operating target is a target that is reliably linked to
A) inflation and unemployment rates. B) other operating targets. C) fiscal policy. D) open market operations.
Brinley puts on an art show in a public space, asking for donations based on how much people enjoy his work. Economists would expect that:
a. people will understate their enjoyment of the art in order to "free ride." b. people will overstate their enjoyment of the art, attempting to substitute praise for money. c. people will accurately state their level of enjoyment and pay accordingly. d. Brinley will reap significant economic profits from the event.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.