When it comes to figuring out who wants to be an organ donor, the answer depends on:
A. the default rule.
B. whether presumed consent exists in the organ donation program.
C. how you ask the question.
D. All of these statements are true.
Answer: D
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Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a ________ and under a fixed exchange rate system a decrease in the official value of a currency is called a ________.
A. depreciation; devaluation B. appreciation; revaluation C. depreciation; appreciation D. revaluation; appreciation
The supply of money is easier to control with commodity money than it is with fiat money
Indicate whether the statement is true or false
A natural monopoly is created by
a. a patent b. nature c. substantial economies of scale d. government regulation e. control of scarce inputs
Table 36-1Suppose the economy of Macroland is described by the following:C = 200 + 0.8 DI (DI = disposable income)I = 300 + 0.2Y?50r (Y = GDP)(r, the interest rate, is measured in percentage points. For example, a 9 percent interest rate is r = 9).For this economy, assume that the Federal Reserve uses its monetary policy to peg the interest rate atr = 5G = 750T = 0.25YX = 200M = 150 + 0.2YHint: DI = Y?T From Table 36-1, compute equilibrium GDP for Macroland.
A. 3,000 B. 2,950 C. 2,625 D. 2,525