The central bank of a country had, for a time, focused so strongly on reducing inflation that the level of unemployment increased beyond control. Currently, the central bank focuses so strongly on controlling unemployment that the inflation rate has increased. The main problem faced by the central bank is _____
a. it only focuses on a single factor
b. it overestimates the inflation rate
c. it does not consider the presence of disguised employment
d. it is easily influenced by large business houses
a
Economics
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Refer to the table above. What is the average total cost of producing 160 units of the good?
A) $0.50 B) $0.93 C) $1.44 D) $2
Economics
Suppose at the current level of labor used, MRP = $20 and MFC = $25. To maximize profits, the firm should
A) hire more labor. B) reduce the level of labor. C) maintain the current level of labor. D) expand production.
Economics