The problem of political instability has been greatest in which continent?
A. South America
B. Europe
C. Asia
D. Africa
Answer: D
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The supply of labor
a. varies inversely with the price level b. does not vary with the real wage rate c. does not vary with the price level d. varies directly with the price level e. varies inversely with the nominal wage rate
When a U.S. company purchases $1 million worth of French cheese, the value of that transaction is recorded in the
A) current account. B) capital and financial account. C) transfer account. D) investment account. E) goods account.
Open market purchases raise the ________ thereby raising the ________
A) money multiplier; money supply B) money multiplier; monetary base C) monetary base; money supply D) monetary base; money multiplier
Input prices are fixed for a period of time and this causes firms to increase production as prices increase
a. True b. False Indicate whether the statement is true or false