If the actual unemployment rate is below NAIRU, the change in the inflation rate will be positive.
Answer the following statement true (T) or false (F)
True
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"If it were not for the law of diminishing marginal returns, the world's wheat could be grown in a flower pot." Explain
According to the monetarists, the primary cause of changes in real output and the price level is changes in ____________.
Fill in the blank(s) with the appropriate word(s).
The beginning point of a graph (the 0,0 point) is known as
A. ground zero. B. mother lode. C. the origin. D. square one. E. the beginning.
Some years ago The Wall Street Journal reported that the government of Thailand "plans to launch a chain of more than 3,000 Thai restaurants world-wide over the next five years, with the largest number, more than 1,000, slated for the United States
" The Thai government will have a 30 percent minority stake in the restaurants and the rest will be given to Thai owners. The country's deputy commerce minister explains that the government will play an active role in drawing up menus, making sure that genuine Thai food is served and ensuring that 70 percent of supplies for the restaurants are imported from Thailand. Because the Thai government will be part owner of these restaurants, are these restaurants public goods?