If equilibrium GDP is $500 billion greater than full employment GDP and the multiplier is 2.5, there is an inflationary gap of

What currency was the base, or center, currency in the ERM used in Europe during the 1980s and 1990s?

A) the French franc B) the British pound C) the German mark D) the Italian lira

Which graph in the above figure represents the isoquants where, as the amount of labor used increases and the amount of capital used decreases, the marginal product of labor rises when Capital per day is on the vertical axis and Labor per day is on

the horizontal axis? A) Graph A B) Graph B C) Graph C D) Graph D