When a country experiences high inflation and unemployment simultaneously, which of the following problems should be addressed first?
a. High price level
b. High unemployment
c. Low aggregate demand
d. Low aggregate supply
d
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Assume an attorney who has worked with a large law firm decides to leave to establish his own practice
Even though he is not leaving the company with any physical assets what might be his most important asset? What factors might impede his ability to use this asset and why?
The International Monetary Fund was founded
a. in Paris in 1938 b. in New York in 1961 c. in Washington in 1971 d. in New York in 1991 e. in Bretton Woods in 1944
Gross domestic product is the money value of all final goods and services produced in an economy in a year
a. True b. False Indicate whether the statement is true or false
The best measure of the economic cost of doing your homework is
A. The economic cost plus the accounting cost of doing the homework. B. The tuition paid for your education plus the cost of any required textbooks. C. The amount you would have to pay to get someone else to do it. D. The most valuable opportunity you give up when you do your homework.