Which area has the highest rate of inflation over the years of 2007-2011?
a. Atlanta
b. Pittsburgh
c. Miami
d. Dallas
b
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In response to a temporary change in total factor productivity, the adoption of capital controls under a flexible exchange rate
A) amplifies the effect of this disturbance on both domestic output and the nominal exchange rate. B) amplifies the effect of this disturbance on domestic output and dampens the effect on the nominal exchange rate. C) dampens the effect of this disturbance on domestic output and amplifies the effect on the nominal exchange rate. D) dampens the effect of this disturbance on both domestic output and the nominal exchange rate.
Productivity growth is the main cause of rising living standards.
Answer the following statement true (T) or false (F)
The term "final goods and services" refers to
A. goods and services which are unsold and therefore added to inventories. B. goods and services whose value has been adjusted for changes in the price level. C. good and services purchased by ultimate users, as opposed to resale or further processing. D. the excess of American exports over American imports.
Libertarians believe that the government should enforce individual rights to ensure that all people have the same opportunities to use their talents to achieve success
a. True b. False Indicate whether the statement is true or false