A firm's demand curve for loanable funds is
a. the same as the marginal revenue product of capital curve
b. upward sloping because higher interest rates attract more loanable funds
c. the same as the marginal factor cost curve
d. horizontal because given the rate of interest, the firm can demand any quantity of loanable funds at that rate of interest
e. expressed in terms of physical product
A
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Which of the following events would most likely reduce aggregate demand?
A. An increase in real interest rates. B. An increase in expected returns on investment. C. A reduction in business and personal tax rates. D. A reduction in the amount of existing capital stock.
Consider an apple orchard owner deciding how to incentivize his fruit pickers to get them to pick more apples he should:
a. To pay the pickers per pound of apples picked b. To pay the pickers an hourly rate c. To pay the pickers an hourly rate plus a bonus d. To not pay the pickers
Which of the following are included in the M2 definition of the money supply?
a. cash and currency b. checkable deposits c. money market deposit accounts d. money market mutual funds e. All of the above are included.
Which of the following is likely to be a monopolist?
A.) A potato chip company that sells lots of chips and competes with other chip producers. B.) A farmer who specializes in growing organic fruits and vegetables. C.) The sole producer of a new medical device for people with limited mobility. D.) The chemical company in a small town that employs most of the town's workforce.