For which of the following products is the consumer's demand curve most likely to be vertical?
a. lobster, for a seafood lover
b. cars, for high school students
c. insulin, for a diabetic
d. compact disks, for a music lover
e. beef, for a food lover
C
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If the central bank does not purchase foreign assets when output increases but instead holds the money stock constant, can it still keep the exchange rate fixed at ? Please explain with the aid of a figure
What will be an ideal response?
The dollar return on a foreign investment is less than the interest rate on the foreign asset, if the foreign currency depreciates against the U.S. dollar between the purchase date and the maturity date
a. True b. False Indicate whether the statement is true or false
According to the life-cycle hypothesis, MPCs will
a. be relatively low for young adults, rise during middle age, and then rise again near or in retirement b. be relatively high for young adults, fall during middle age, and then rise again near or in retirement c. be relatively high for young adults, fall during middle age, and then fall again near or in retirement d. be relatively low for young adults, rise during middle age, and then fall again near or in retirement e. remain relatively constant over a person's life cycle
Affirmative action laws require employers to search for qualified minority applicants but not to necessarily give them jobs.
Answer the following statement true (T) or false (F)