If a payout is certain to occur, then the variance of that payout equals
A) zero.
B) one.
C) the expected value.
D) the expected value squared.
A
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The money supply is determined
a. only by the Fed. b. by the Fed and banks. c. by the Fed, banks, and the public. d. by congress. e. by the President.
For a tangible index of well-being, we can regard income as the only barometer necessary
Indicate whether the statement is true or false
A rule of thumb in the employment of resources is to set
A) marginal revenue product (MRP) equal to marginal factor cost (MFC). B) marginal revenue (MR) equal to marginal cost (MC). C) marginal physical product equal to marginal resource cost. D) none of the above.
Answer the question based on the following list of factors that are related to the aggregate demand curve.
Which of the above factors best explain the downward slope of aggregate demand curve?
A. 2, 4, and 6
B. 7, 9, and 10
C. 1, 3, and 8
D. 4, 6, and 7