The least-cost abatement pattern will require all polluters to clean up on an equal basis
a. True
b. False
Indicate whether the statement is true or false
False
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For each of the following values of nominal GDP and real GDP, calculate the GDP price index
a. Nominal GDP = $600; real GDP = $800. b. Nominal GDP = $900; real GDP = $900. c. Nominal GDP = $1,200; real GDP = $1,000.
Marylou, whose utility of wealth curve is shown in the figure above, faces two options. Option A yields $200 for sure. Option B has a 0.3 probability of yielding $100, and a 0.7 probability of yielding $300. Marylou, who is
A) picks option A. B) picks option B. C) is indifferent between option A and option B. D) needs more information to make a choice.
Suppose there is a surplus in the money market
a. This could have been created by an increase in the money supply. The value of money will rise. b. This could have been created by an increase in the money supply. The value of money will fall. c. This could have been created by a decrease in the money supply. The value of money will rise. d. This could have been created by a decrease in the money supply. The value of money will fall.
The freely floating exchange rate system has been in effect since
A. 1933. B. 1943. C. 1953. D. 1973.