Refer to the figure above. What is the initial equilibrium wage rate and employment level?
A) $60 and 20 units of labor B) $40 and 40 units of labor
C) $50 and 40 units of labor D) $20 and 40 units of labor
C
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Suppose the Fed bought $150 million of U.S. securities from security dealers. The reserve requirement is 20 percent, and there are no initial excess reserves. A few weeks later, if the public's holdings of currency are constant and the banks have loaned all excess reserves, the money supply will increase by:
a. $150 million. b. $300 million. c. $600 million. d. $750 million.
Which of the following pair of terms is similar?
A) Overhead and direct cost. B) Direct cost and fixed cost. C) Overhead and fixed cost. D) Overhead and variable cost.
The tough, sheet like membrane that covers and protects muscle is:
A. fascia. B. a ligament. C. a tendon. D. periosteum.
When demand decreases, and price is the only reason for the decrease, what type of movement will the demand curve show?
A. a shift to the left B. a shift to the right C. along the curve to a higher quantity demanded D. along the curve to a higher price