The expected future money supply does not have an effect on:
A. expected future inflation.
B. the current price level.
C. the current nominal money supply.
D. the future price level.
Ans: C. the current nominal money supply.
Economics
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Suppose the population of El Campo is 120,000. Of the population 16 years and older, 50,000 are employed, 10,000 have never worked and are not looking for work, 5,000 are not working and are looking for work, and 15,000 are retired and not looking
for work. The labor force equals A) 50,000. B) 55,000. C) 65,000. D) 80,000.
Economics
A firm facing a horizontal demand curve: a. cannot affect the price it receives for its output
b. is unlikely to price its goods below market price. c. faces a perfectly elastic demand curve for its product. d. is characterized by all of the above.
Economics