The current chairman of the Federal Reserve Board of Governors is
a. Milton Friedman
b. Alan Greenspan
c. Paul Volcker
d. James Baker
e. John Maynard Keynes
B
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If the dollar is undervalued against the peso, it implies that:
A) quantity of dollar supplied in exchange of pesos equals the quantity of dollars demanded in exchange of pesos in the foreign exchange market. B) quantity supplied of dollar in exchange of pesos exceeds the quantity of dollars demanded in exchange of pesos in the foreign exchange market. C) the exchange rate between the dollar and the peso is flexible. D) quantity supplied of dollar in exchange of pesos is less than the quantity of dollars demanded in exchange of pesos in the foreign exchange market.
How is the demand for labor derived from the value of marginal product of labor?
What will be an ideal response?
What is the difference between macroeconomics and microeconomics? Give an example of a question that a macroeconomist might be interested in answering, then do the same for a microeconomist
According to the monetarists, which of the following is true?
A. Instability in the money supply is the primary cause of economic instability. B. A reduction in the money supply will cause consumers to increase spending. C. A reduction in the money supply will cause a proportional reduction in wages and prices, leaving output unchanged. D. A rapid growth rate of the money supply will lead to a rapid growth rate of real GDP.