Central banks in most developing countries:
A. recognize the link between money creation and inflation but often have no other means of financing government expenditures.
B. recognize the link between money creation and inflation but don't care about inflation.
C. do not recognize the link between money creation and inflation.
D. recognize the link between money creation and inflation and exploit this link to reduce their budget deficit.
Answer: A
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________ is a tendency to search for information that reaffirms individuals' own beliefs, thus entrenching them further in their own prejudices
A) Attenuation bias B) Confirmation bias C) Attentional bias D) Negativity bias
The supply of land is
A) perfectly elastic. B) elastic, but not perfectly elastic. C) perfectly inelastic. D) inelastic, but not perfectly inelastic.
Which of the following is true? a. The long run supply curve for a competitive increasing cost industry will be upward sloping
b. The long run supply curve for a competitive increasing cost industry will be more elastic than the industry's short run supply curve. c. The long run supply curve for a competitive increasing cost industry will be horizontal. d. Both (a) and (b) are true.
QN=65 (17767) Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces and sells leather furniture. With each $1,000 of leather that it buys from Cowhide, Inc., Couches, Inc. produces a couch and sells it for $3,000. Neither firm had any inventory at the beginning of 2009. During that year, Cowhide produced enough leather for 20 couches. Couches, Inc. bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in 2010. What was the economy's GDP for the 2009?
a. $48,000 b. $52,000 c. $64,000 d. $68,000