The first Fed chair to hold a press conference was:
A) Paul Volcker
B) Alan Greenspan
C) Ben Bernanke
D) Mario Draghi
C
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Basil is maximizing his utility from consuming tea and crumpets. If the marginal utility of the last crumpet was 32 units of utility and the prices of tea and crumpets are $4 and $8, respectively, what was the marginal utility of the last cup of tea Basil consumed?
a. 2 units of utility b. 12 units of utility c. $6 d. 128 units of utility e. 16 units of utility
A country that has had success with export-led growth policy is:
A. North Korea. B. South Korea. C. Russia. D. Liberia.
If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are greater than the external costs,
a. More than the efficient amount is being produced b. Less than the efficient amount is being produced c. the efficient amount is being produced d. We do not know whether the efficient amount, or more or less, is being produced.
Which of the following will cause the FE curve to shift to the left?
A. A decrease in real domestic product (Y) B. An exogenous increase in exports C. An exogenous increase in imports D. Exogenous changes that cause an increase in capital inflows