The ratio of debt to GDP is much higher in the United States than in most other industrialized nations
Indicate whether the statement is true or false
F
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A fixed exchange rate is enforced by
a. national governments, who establish appropriate trade barriers for each country with whom they trade b. national governments, who manipulate gold reserves appropriately c. central banks, who buy and sell appropriate currencies d. the International Monetary Fund, which offers loans to appropriate countries e. local governments, who manipulate capital reserves appropriately
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Acme Manufacturing: TC = 100 + 3Q. Generic Industries: TC = 500 + 3Q. Suppose that Acme and Generic face the same demand curve. If each firm produces its profit-maximizing level of output and earns a positive economic profit, then which of the following statements is true?
A. Generic will produce more output than Acme. B. Acme and Generic will produce the same quantity, but Acme will have higher profits. C. Acme and Generic will produce the same quantity and will have the same profits. D. Acme will produce more output than Generic.
Price floor
What will be an ideal response?
Keynesians believe the economy can be managed using monetary and fiscal policy.
Answer the following statement true (T) or false (F)