If the Bank of Japan buys yen to prevent the yen from appreciating,
a. it is probably also trying to profit from that operation
b. it is probably also trying to maintain an interest rate target
c. it is engaging in bilateral arbitrage
d. it is engaging in a managed float
e. it is wasting its time and effort
D
Economics
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For productive efficiency to hold
A) average variable cost is minimized in production. B) average total cost is minimized in production. C) price must equal the marginal cost of the last unit produced. D) price must equal marginal revenue of the last unit sold.
Economics
In the RBC model, the importance of "intertemporal substitution" of labor supply is ________, which results in a rather ________ labor supply curve
A) denied, flat B) denied, steep C) emphasized, flat D) emphasized, steep
Economics