Stock markets transactions involve
A. exclusively in newly issued stocks.
B. purchases and sales of previously issued stocks.
C. in both newly issued and previously issued stocks, but they do not deal in bonds.
D. in large amounts of both newly issued and previously issued stocks and bonds.
Answer: B
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If Lisa spends her income on veggie burgers and pints of soy milk and the price of veggie burgers is three times the price of a pint of soy milk, then when Lisa maximizes her utility she will buy
A) three times as many pints of soy milk as veggie burgers. B) both goods until the marginal utility of veggie burgers is three times the marginal utility of soy milk. C) three times as many veggie burgers as pints of soy milk. D) both goods until the marginal utility of a pint of soy milk is three times the marginal utility of veggie burgers.
Refer to the information above. What is the level of consumption when the level of income equals 2000?
A) 600 B) 1000 C) 1600 D) 2000
Surpluses cause prices to fall while shortages cause prices to rise
a. True b. False Indicate whether the statement is true or false
The diminished employment prospects for the graduates of 2002 is most likely due to the existence of a(n)
a. inflationary gap. b. significant increase in real GDP. c. shift of the aggregate demand curve outward. d. recessionary gap.