________ countries were part of the euro currency union at the time of its creation.
A. 12
B. 16
C. 19
D. 17
Answer: B
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In-kind benefits are a way of correcting
A. Natural monopoly. B. Market power. C. Inequity. D. Government failure.
If the CPI is now 325, by what percent did the price level rise since the base year?
Fill in the blank(s) with the appropriate word(s).
Suppose the money demand of individuals and firms depends on what they perceive to be the probabilities that the economy will expand or contract over the following six months. Suppose their money demand is given by the equation L = 0.5Y - 100i + 20z, where z is the probability that the economy is expanding six months in the future. If z = 1, the economy will certainly be in recovery, if z = 0, the economy will certainly be in recession, and for z between 0 and 1 there is some uncertainty about the future state of the economy. Use a classical (RBC) model of the economy. If the Fed moves the money supply to target the price level, how does the money supply relate to the expected future state of the economy? Is this an example of reverse causation?
What will be an ideal response?
The CEO of a company repeatedly highlighted the performance of its rivals before introducing a proposal that required a major change in the organizational architecture. This implies that in marketing his proposal, he:
A. used force and coercion. B. relied on reputation. C. indulged in unethical business practices. D. emphasized a crisis.