A market structure in which a single buyer exists on one side of the market and only one seller exists on the other side is known as
a. a bilateral monopoly.
b. a dual oligopoly.
c. monopolistic competition
d. a Wheeler-Lea market..
a. a bilateral monopoly.
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The monetary base consists of
A) currency in circulation and Federal Reserve notes. B) currency in circulation and the U.S. Treasury's monetary liabilities. C) currency in circulation and reserves. D) reserves and Federal Reserve Notes.
With the policy rate set at zero, the rise in expected inflation will lead to a ________ in the real interest rate, which will cause investment spending and aggregate output to ________
A) fall; rise B) fall; fall C) rise; rise D) rise; fall
Labor (# of employees)Total Output0011025031104160520062307255827592901030011305Assume the table shown is for a hat factory, and shows the total production of hats given various numbers of employees. What is the marginal product of the ninth worker?
A. 15 B. 5 C. 290 D. 10
If the number of unemployed equals 30,000, the number of employed equals 60,000, and the number not in the labor force is 10,000, the labor-force participation rate
A. is 90%. B. is 88.9%. C. is 67%. D. cannot be determined from this information.