Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Figure 31.1Refer to Figure 31.1. A decrease in the labor force will cause a
A. shift from ppf2 to ppf1.
B. movement from Point B to Point A.
C. movement from Point A to Point B.
D. shift from ppf2 to ppf3.
Answer: A
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In country A, the government takes no action to influence the exchange rates of its currency with other currencies. The rate is determined by market forces. Country A is said to have a:
A) flexible exchange rate system. B) fixed exchange rate system. C) dirty-float exchange rate system. D) nominal exchange rate system.
When domestic and foreign currency bonds are imperfect substitutes, the domestic interest rate (R) can be written as
A) R = R - (Ee - E)/E + ?. B) R = R - (Ee - E)/E. C) R = R + (Ee - E)/E + ?. D) R = R - (Ee + E)/E + ?. E) R = R - (Ee - E)?.
Reputations:
A. are generally not important in economic decisions. B. influence a wide variety of important economic decisions. C. represent manifestations of the winner's curse. D. always lead to Nash disequilibriums.
Individual banks always respond quickly and significantly to changes in the discount rate
a. True b. False Indicate whether the statement is true or false