The dual mandate does NOT include which of the following?
A. maximum employment
B. stable prices
C. the value of the dollar
Ans: C. the value of the dollar
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Which of the following would decrease the value of the dollar in the long run?
A) an increase in U.S. tariffs on foreign goods B) a decrease in the demand for American goods relative to goods from other countries C) a decrease in inflation in the United States relative to other countries D) a decrease in the supply of dollars on the foreign exchange market
The reported unemployment rate should be viewed as
a. a useful but imperfect measure of joblessness. b. clearly smaller than the true unemployment rate. c. clearly larger than the true unemployment rate. d. being very close to the true unemployment rate.
Which of the following statements about concentration ratios is correct?
A) A high concentration ratio indicates that the industry is a monopoly. B) A high concentration ratio indicates that the industry is monopolistically competitive. C) A high concentration ratio suggests that the industry is characterized by strategic independence. D) A high concentration ratio suggests that the industry is characterized by strategic dependence.
Refer to the information provided in Table 23.1 below to answer the question(s) that follow. Table 23.1
Refer to Table 23.1. The equation for the aggregate consumption function is
A. C = 80 + 0.95Y. B. C = -80 + 0.45Y. C. C = 80 + 0.9Y. D. C = 80 + 0.75Y.