When ranking movies by nominal box office receipts, what important fact is overlooked?
a. More people go to movies now than in the past.
b. There are no good substitutes for movies currently.
c. Prices, including those for movie tickets, have been rising over time.
d. Movies and DVD are complements.
c
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Would each of the following groups be happy or unhappy if the Mexican peso appreciates against the U.S. dollar? Answer the question for each of the following:
(a) The U.S. pension funds holding Mexican government bonds (b) U.S. tourists planning a trip to Mexico (c) Mexican exporting manufacturers (d) A Mexican firm trying to buy properties overseas
According to the Phillips curve, policymakers could reduce both inflation and unemployment by
a. increasing the money supply. b. increasing government expenditures. c. raising taxes. d. None of the above is correct.