As a result of the Great Recession, most financial markets hit bottom around
A. September 2008.
B. March 2009.
C. September 2009.
D. March 2010.
Answer: B
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Average labor productivity equals:
A. average production per year. B. total output. C. output per employed worker. D. output per person.
Refer to the table above. If the world price of trousers is $5 per pair, then which of the following statements is true?
A) All the four countries will import trousers. B) All the four countries will export trousers. C) Country A and Country D will export trousers, whereas Country B and Country C will import trousers. D) Country B and Country C will export trousers, whereas Country A and Country D will import trousers.
Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?
A) -$200 million B) -$180 million C) $2 million D) $180 million E) $200 million
To determine the consumer price index (CPI), _____
a. the values of the current market basket at current and base-year prices need to be known b. the values of the base-year market basket at current and base-year prices need to be known c. the values of the current market basket at current prices and the base-year market basket at base-year prices need to be known d. only the current market basket at base-year prices needs to be known e. only the current market basket at current prices needs to be known