If you look at earnings of full-time workers, women make ________ of what men make.
A. 81%
B. 62%
C. 10%
D. nearly equal
Answer: A
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If the aggregate price level at time t is denoted by Pt, the inflation rate from time t - 1 to t is defined as
A) ?t = (Pt - Pt - 1)/Pt - 1. B) ?t = (Pt + 1 - Pt - 1)/Pt - 1. C) ?t = (Pt + 1 - Pt )/Pt. D) ?t = (Pt - Pt - 1)/Pt.
What does it mean to "monetize the deficit"? Why is it important in discussions of fiscal policy? Use an appropriate diagram to illustrate your answer
Competitive price-taker markets are characterized by
a. firms that all produce the same product. b. a small number of firms in the market. c. firms that are large relative to the size of the market. d. widespread use of advertising as a competitive weapon.
In the Stackelberg model, the leader has a first-mover advantage because it
A) has lower costs than the follower. B) commits to producing a larger quantity. C) reacts to the follower's decision. D) differentiates its output.