When increased demand raises the price of the product, the
A. marginal revenue product will fall.
B. marginal revenue product will remain unchanged.
C. sales will fall.
D. marginal revenue product will also increase.
Answer: D
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Since the Fed's faces several uncertainties in regards to effects of its policies, the Fed usually proceeds:
A. only after fiscal policy polices have been enacted B. only after a recession is statistically proven to exist. C. forcefully to ensure a desired effect D. cautiously with only small changes in the interest rate
If the Fed expects currency holdings to rise, it conducts open market ________ to offset the expected ________ in reserves
A) purchases; increase B) purchases; decrease C) sales; increase D) sales; decrease
Refer to Table 17.2. If the price of output is $10 per unit, the marginal revenue product of the sixth unit of labor is:
A. $20. B. $50. C. $200. D. $500.
Refer to the information provided in Figure 23.9 below to answer the question(s) that follow.
Figure 23.9Refer to Figure 23.9. [150 + 0.25Y] is the
A. aggregate expenditures function. B. saving function. C. MPC. D. MPS.