The Bretton Woods system required countries to actively buy and sell dollars to maintain fixed exchange rates when:
a. a country experienced a severe bout of inflation.
b. the free market equilibrium exchange rate differed from the fixed rate.
c. a country experienced serious unemployment.
d. the threat of recession began to spread from one country to another.
e. worldwide trade began to deteriorate.
b
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Suppose the short-run production function is q = L0.5. If the marginal cost of producing the tenth unit is $5, what is the wage per unit of labor?
A) $1 B) $0.5 C) $0.25 D) It cannot be determined without more information.
Requiring that applicants get drug tested is an example of:
A. signaling. B. screening. C. statistical discrimination. D. building a reputation.
If the equilibrium level of income is solely a function of aggregate supply, then the aggregate supply curve must be in the Keynesian region
a. True b. False Indicate whether the statement is true or false
Facebook and Google were responsible for over 60 percent of digital advertising expenditures in 2017.
Answer the following statement true (T) or false (F)