The velocity of money is:
A. how many times the average dollar gets spent per year.
B. the number of transactions in which a typical dollar is used during a year.
C. how many times on average the typical dollar changes hands in an exchange during the year.
D. All of these statements are true.
D. All of these statements are true.
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If marginal product is a constant what can we conclude about the shape of the average product function and why?
What will be an ideal response?
In a call center, which of the following situations can be considered as a variable input in the short run?
A) the level of computer software being utilized
B) the number of call center representatives on duty at the center
C) the number of call center managers or supervisors
D) the size (e.g., square footage) of the call center
If nominal GDP rises: a. we can be sure the price level has risen. b. real GDP may rise or fall
c. real GDP must rise. d. real GDP must fall.
If a corporation does not distribute profit to its stockholders, it might be that
a. no profit was earned by the corporation b. profit was used to pay out dividends c. the corporation has no stockholders d. its losses were as large as its profit e. profit was used to pay its board of directors, the first claimants to corporate profit