Refer to Figure 13-11. What is the productively efficient output for the firm represented in the diagram?
A) Q1 units B) Q2 units C) Q3 units D) Q4 units
D
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Starting from equilibrium in the money market, suppose the money supply increases. Other things being equal, this will cause an excess demand for money, leading people to sell bonds
a. True b. False Indicate whether the statement is true or false
Equilibrium in the money market occurs when:
A. the quantity of money demanded equals the quantity of money supplied. B. the quantity of money demanded is less than the quantity of money supplied. C. the quantity of money demanded is more than the quantity of money supplied. D. the interest rate equals the money supply.
The information on a demand curve is also on a(n)
A. budget constraint. B. indifference curve. C. income-consumption curve. D. price-consumption curve.
In an economy, 43 million people are employed, 3 million are unemployed, and 4 million are not in the labor force. What is the employment-to-population ratio?
A) 86 percent B) 92 percent C) 93 percent D) 6.5 percent