If 900 million shares of stock are traded on the New York Stock Exchange today at an average price of $100, then the total amount of money raised today by the corporations whose stock traded on this exchange would be $90 billion
a. True
b. False
B
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The assumption that rival firms will match a firm's price decreases but not its price increases is a basic feature of:
A) model of limit pricing. B) the kinked demand curve model. C) the predatory pricing model. D) cartel theory.
The consumption function is drawn on a graph with disposable income on the horizontal axis without including investment. Assume investment is autonomous and is added to the consumption function. The effect is:
a. an upward adjustment in the vertical intercept b. no change in the adjustment in the vertical intercept. c. an increase in the slope of the consumption schedule. d. a decrease in the slope of the planned expenditure schedule.
The labor market for ultrasound technicians in Cleveland is initially in equilibrium. Which of the following would lead to a lower wage rate and higher employment in that market?
a. a drop in demand for diagnostic services at Cleveland hospitals b. a drop in the price of ultrasound equipment c. an increase in the length of training required for ultrasound technicians d. a shift in potential workers' tastes away from hospital and clinical work e. a wage decrease for ultrasound technicians in nearby cities
Which entity within the U.S. government is responsible for computing and reporting the CPI?
a. the Department of Commerce b. the Department of Labor c. the General Accounting Office d. the Council of Economic Advisers