In general, the faster inflationary expectations adjust, the:
a. less macro policy can influence unemployment
b. better discretionary policy can be expected to work.
c. slower the adjustment of the short-run Phillips curve.
d. stronger the case for active policy.
e. more effectively a policy can influence unemployment.
a
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Competition among sellers occurs
A) when marginal revenue equals marginal cost. B) when price equals marginal cost. C) when price equals marginal revenue. D) whenever sellers try to attract customers from one another.
Managers of profit centers earn more when their divisions
a. increase their sales and increase their costs b. decrease their sales and increase their costs c. decrease the costs of the components for which they are responsible d. increase the costs of the components for which they are responsible
A lack of current saving can be offset by borrowing, but the availability of borrowing is limited by the prospects for future saving
a. True b. False Indicate whether the statement is true or false
Spreads in quotations of exchange rates are:
a. the geographical dispersion of nations that use the currency. b. a measure of contagion involved in changes in exchange rates. c. the difference in the price the buyer pays versus the price the seller receives. d. he percentage of interest one pays when borrowing to purchase currencies.