Which of the following statements is TRUE about education in America?
A. Less than half of our high school graduates can function at the eighth grade level.
B. The U.S. has the largest number of engineering students of any country of the world.
C. Ninety percent of all PhD's in engineering and sciences awarded in the U.S. are foreign students.
D. American's education system is second to none.
A. Less than half of our high school graduates can function at the eighth grade level.
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In the new classical model, all wages and prices ________
A) are completely flexible with respect to expected changes in the price level B) are fixed with respect to expected changes in the price level C) are flexible with respect to the value of the dollar D) are fixed with respect to the money supply
Suppose the market for grass seed can be expressed as:
Demand: QD = 100 - 2p Supply: QS = 3p If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected? What fraction is paid by sellers?
If autonomous consumption decreases, which of the following is the most likely effect in the short run?
a. a decrease in output, an increase in money demand, and an increase in the interest rate b. an increase in output, a decrease in money demand, and a decrease in the interest rate c. a decrease in output, a decrease in money demand, and a decrease in the interest rate d. an increase in output, an increase in money demand, and a decrease in the interest rate e. an increase in output, an increase in money demand, and an increase in the interest rate
What does the text mean by the question, "Where Is All the Currency?" How does it answer the question?